Legacy Preserve Neighborhood Homeowners Association Inc

Key facts from Legacy Preserve Neighborhood Homeowners Association Inc's documents

Reflects the 2024 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Single-family residential neighborhood within master-planned community Rye Ranch (Recitals, page 1)

Legal name

Legacy Preserve Neighborhood Homeowners Association, Inc. (Article I, Section 4)

Developer / declarant

SK RYE ROAD LLC (Preamble)

Governing law

Chapter 720, Florida Statutes (HOA Act) (Article I, Section 21)

Assessments & dues

First year amount set forth in Exhibit E (10-year Fiscal Program) – not provided in text; subsequent assessments determined by Board based on budget (Article VII, Section 3)

Special assessments

May be levied for capital improvements, deficits, or other purposes; prior to Turnover requires majority Board and 51% of Owners voting interests present at meeting; after Turnover Board can levy without vote except as provided. Retroactive (Article VII, Sections 2 and 3)

Collections & liens

Assessments are a continuing lien on the Lot, enforceable in same manner as mortgages; personal obligation of Owner (Article VII, Section 1)

Reserves & fees

Initially not required; Members may elect to collect Reserves by majority vote. Once established, must be in budget. Declarant and Builders not obligated to pay for Reserves. (Article VII, Section 4)

Leasing & rentals

Not explicitly restricted; Tenant defined; no minimum term or rental cap stated (Article I, Section 48)

Architectural approval

Yes, subject to Master Design Review Committee and Design Guidelines under Master Declaration (Article I, Sections 11 and 31)

Signs & flags

Declarant and Builders may use signs for sales and marketing; general sign restrictions not specified (Article VI, Section 3(b))

Maintenance

Association maintains Neighborhood Common Area, Exclusive Neighborhood Common Area, Mail Delivery Centers; Owners maintain Lots and Homes (General provisions)

Use restrictions

Property to be developed as single-family residential community (Recitals, page 1)

Voting & meetings

Two classes: Class A (all Owners except Declarant) – one vote per Lot; Class B (Declarant) – three votes for each Class A Member vote (i.e., 3 times total Class A votes). Class B membership ends upon earliest of: 3 months after 90% of Lots (Article V)

Amendments

Amendment of Declaration generally subject to Master Declaration; specific sections (e.g., Article II, Section 3) require consent of Declarant during Development Period and Master Declarant/Master Association. Supplemental Declarations requ (Article II, Section 3(d); Article I, Sec)

Amenities

Hammock Trace Recreational Facilities and Traditions Recreational Facilities (both Exclusive Neighborhood Common Areas for respective Service Areas); Access Control System and private roadways for Hammock Trace Service Area (Article I, Sections 19, 50 and Article V)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.