Preserve at Lake Sylvan

Key facts from Preserve at Lake Sylvan's documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Section 1.01D (Homeowners' Association))

Legal name

Preserve at Lake Sylvan Homeowners' Association, Inc. (Section 1.01D)

Developer / declarant

PARK SQUARE ENTERPRISES, LLC, a Delaware limited liability company (Opening paragraph)

Governing law

Florida Statutes Chapter 720 (referenced in Section 6.02) (Section 6.02)

Special assessments

For capital improvements, unexpected repairs, or other Board-determined purposes; equal pro rata per Lot (Section 6.04)

Collections & liens

Assessment is a continuing lien on the Lot; Association may record lien and foreclose like a mortgage (Section 6.02, 6.12)

Reserves & fees

Association may (but is not required to) establish reserve funds for major repairs, emergencies, etc. (Section 6.03)

Leasing & rentals

Addressed in Section 8.03 (text not fully provided); rentals permitted subject to rules (Section 8.03)

Architectural approval

Architectural Review Board approval required for landscaping, buildings, walls, fences, additions, changes (Section 7.02C)

Use restrictions

All Residential Units shall be used for residential purposes only, except with Board approval (Section 8.01A)

Voting & meetings

30% of votes of each class; subsequent meeting quorum is half of previous (Section 3.03)

Amendments

Members may amend per Section 13.01; Declarant may amend per Section 13.02 (Section 13.01, 13.02)

Amenities

Recreational facilities, walking trail, entry features, gates, walls, and other improvements on Common Property (Tracts A-F initially) (Section 1.01H, 4.01, 5.07)

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