Mcarthur Estates

Key facts from Mcarthur Estates's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

McArthur Estates

Developer / declarant

MCARTHUR NASSAU, LLC, a Florida limited liability company (Declaration opening)

Governing law

Florida Statute 720.303(6)(d) (cited in amendment for statutory reserves) (First Amendment Art 7.8(d)(2))

Collections & liens

All Assessment Charges secured by continuing lien, subordinate to mortgages. Association may foreclose like a mortgage. (Declaration Art 7.7(a)-(b))

Reserves & fees

Voluntary reserves (formerly 'Reserves') and statutory reserves for Private Roads and Wall/Entry Gate per FS 720.303(6)(d) (Declaration Art 7.8(d) as amended by Fir)

Architectural approval

Yes, ARB approval for improvements, landscaping, etc. (Declaration Art 8)

Insurance

Association shall insure improvements on Common Property for maximum insurable replacement value (Declaration Art 4.1(b))

Use restrictions

Single family dwellings (Declaration Recitals B)

Voting & meetings

Majority of votes of each class of membership (Bylaws Art II – Quorum)

Amendments

Developer may amend while it owns all Property (Art 12.9(c) not fully provided); after turnover, not explicitly stated (First Amendment Recital B)

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