River Park on the Homosassa Condominium

Key facts from River Park on the Homosassa Condominium's documents

Reflects the 1980 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Article I - Submission pursuant to Chapt)

Legal name

River Park On The Homosassa Condominium

Developer / declarant

FINANCIAL DEVELOPMENT & INVESTMENT CORPORATION (Article I)

Governing law

Chapter 718, Florida Statutes, The Condominium Act (Article I)

Assessments & dues

Set by Board; monthly installments due in advance on first day of month (By-Laws Article V Section 2)

Special assessments

Board may levy additional assessments if funds insufficient or emergencies (Declaration Article XV D)

Collections & liens

Association has lien on each unit for unpaid assessments; may foreclose; lien subordinate to institutional mortgages (Declaration Article XVI)

Reserves & fees

Interest at 10% per annum from due date on unpaid assessments (Declaration Article XV E)

Leasing & rentals

Leasing allowed but subject to Association approval (not unreasonably withheld); disclosure required; lessee must qualify for use restrictions; owner remains liable (Article XIII)

Parking & vehicles

All cars must be parked within boundaries of each site; excess cars in designated areas; no parking on roadways or walkways; illegally parked cars may be removed at owner's risk and expense (Article XII E)

Architectural approval

Yes for tool sheds, fences, outside construction, structural modifications, TV antennas, etc. (Article XII B, C, Q; Article XIX)

Voting & meetings

Each condominium unit owner entitled to one vote per unit (Article X)

Amendments

Declaration may be amended by majority vote of unit owners present and voting at meeting with quorum; recorded; also Board may correct scrivener's errors by majority of Board or unit owners (Article XI A, C)

Amenities

Recreational building, shower and facilities building, boat dock and picnic area (Article IV, Article XXV)

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