Osprey Cove Master Association, Inc.

Key facts from Osprey Cove Master Association, Inc.'s documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Residential Planned Development (RPD) – Master Association (Section 2: "The Community is a Residenti)

Units / lots

328 (projected) (Section 2: "a projected total of 328 uni)

Developer / declarant

U.S. Home Corporation, a Delaware corporation (First paragraph of Declaration)

Governing law

Chapters 617 and 720 of the Florida Statutes (Articles of Incorporation, Article II)

Assessments & dues

Board of Directors adopts annual budget and determines annual assessments. (Section 4.2(A))

Special assessments

Authorized by Section 9 (referenced in definition of Assessment, Section 1.2). (Section 1.2)

Collections & liens

Master Association may impose a lien for correction costs (e.g., weed removal) until paid. General enforcement includes suspension of Common Area use for unpaid assessments. (Section 5.6 and 4.2(C))

Pets

Yes, up to two commonly accepted household pets (dog or cat) plus reasonable numbers of tropical fish or caged birds. (Section 5.22)

Leasing & rentals

Yes, but minimum lease term of 30 consecutive days. (Section 5.21)

Architectural approval

Yes, prior written approval for any exterior alteration, grading, landscaping, change of exterior color, etc. (Section 6.1)

Home business

Incidental commercial purposes allowed subject to restrictions: no manufacturing/construction, no customer visits, limited to phone/written correspondence, no non-resident employees. (Section 5.20)

Signs & flags

Only the American Flag on an approved flagpole, subject to Master Association approval. Flagpole not to be used for antennas. (Section 5.16)

Use restrictions

Each Living Unit shall be used as a single family residence and for no other purpose. (Section 5.20)

Voting & meetings

Two classes: Regular Members (Unit owners) and Declarant Member. Voting interests per Bylaws Section 2. (Section 4.1 and 1.30)

Amendments

Declarant may amend via Supplemental Declarations without consent of other Owners; with Declarant as member, no amendment of member rights without Declarant consent. Also, withdrawal of land requires consent of Owner/mortgagee. (Sections 2(B), 2(C), 4.2(L))

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