Capri Cove

Key facts from Capri Cove's documents

Community type

Homeowners Association (3.6)

Legal name

CAPRI COVE HOMEOWNER'S ASSOCIATION, INC., a Florida not-for-profit corporation (Preamble and 3.6)

Assessments & dues

Board annually prepares a budget covering estimated Common Expenses. Common Assessment based on Buildout Budget. Assessments are equal per Lot for Common and Special Assessments. (12.3)

Special assessments

May be levied by Board with affirmative vote of 67% of total votes attributable to Lots for any purpose. Also for repair/reconstruction if insurance insufficient (no vote needed then). (12.4; 7.5)

Collections & liens

All Assessments (with interest, late charges, costs, attorney's fees) are a lien on the Lot from the date of recording. Lien may be foreclosed. Lien is subordinate to first mortgages of Institutional Lenders. (12.1; 12.6; 12.9)

Reserves & fees

Board may annually prepare a reserve budget and set required reserve contribution to be included in Common Assessment. However, the Association is not required to collect capital reserves; if collected, no representation that amounts are su (12.7)

Pets

Yes, dogs, cats, or other household pets may be kept, provided not kept, bred, or maintained for commercial purposes. Livestock and poultry prohibited. (14.4)

Leasing & rentals

Yes, a Lot may be leased by an Owner. (14.19)

Use restrictions

Yes. The Property will be developed as a residential use project. (Article I)

Voting & meetings

Two classes: Class A (one vote per Lot for all Owners except Declarant) and Class B (Declarant, five votes per Lot owned by Declarant or Merchant Builder). Merchant Builders have no voting rights; Declarant retains those votes until conveya (5.2)

Amendments

Certain provisions require Declarant's written consent (e.g., Article X). General amendment procedure not fully detailed in excerpt but referenced in Section 16.2 (not shown). Amendments to By-laws and Articles must be recorded. (10.2; 3.4; 3.9)

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