Residences of Watercolor Place Homeowners Association Inc

Key facts from Residences of Watercolor Place Homeowners Association Inc's documents

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

Community type

homeowners_association (DOC 108805, Recitals, Association name)

Legal name

Residences of Watercolor Place Homeowners Association, Inc., a Florida not-for-profit corporation (Restated Declaration, Page 2, 'Associati)

Units / lots

182 (Southern: 152, Northern: 30) (DOC 108805, definitions of Southern Neig)

Developer / declarant

Upper Manatee 288, LLC, a Florida limited liability company, with principal address 1651 Whitfield Avenue, Suite 200, Sarasota, FL 34243 (Restated Declaration, Page 3, 'Declarant)

Governing law

Chapter 720, Florida Statutes (Third Amendment Phase I North, Section 3)

Assessments & dues

By Board of Directors as part of Operating Expenses (DOC 108805, Section 16.1)

Special assessments

Allowed (DOC 108805, Section 16.2.2)

Reserves & fees

Initial Contribution: $1,500 from Declarant to Owner for villa units; $500 on resale (DOC 108338, Section 6 (amending Art 5.17)

Pets

Yes, but limited to household pets. (Third Amendment Phase I, Section 7 (amen)

Leasing & rentals

Yes, with restrictions. (First Amendment Phase I North, Section 4)

Use restrictions

Implied by definition of Home and residential community (DOC 108805, Recitals)

Voting & meetings

Class A: 1 vote per Lot; Class B (Declarant): 9 votes per Lot before Turnover, 1 vote after Turnover; 14 votes per acre for unplatted land (DOC 108805, Section 7.3)

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