Futura Yacht Club Homeowners Association

Key facts from Futura Yacht Club Homeowners Association's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Townhouses (Document title)

Legal name

Futura Yacht Club Townhouses Association, Inc. (Preamble and Section 1.5)

Governing law

Chapter 720, Florida Statutes (Homeowners' Association Act) (Section 1.1)

Special assessments

Board may levy special assessments to defray Common Expenses not met by regular assessments. (Section 3.7)

Reserves & fees

Adequate reserve fund for replacement and/or capital refurbishment of sewers, water, outside painting or maintenance as determined by Board. (Section 3.3(e))

Leasing & rentals

Owners may lease their Parcels subject to provisions of Article 12. (Article 12 preamble)

Voting & meetings

Each Parcel Owner is a member with one vote; multiple owners exercise vote as provided in Bylaws. (Sections 2.1, 2.3, 1.27)

Amendments

Amendment may be proposed by President, majority of Board, or by petition of 20% of Voting Interests; adopted by majority of Voting Interests in person or by proxy; effective upon recording in Monroe County. (Section 11.1-11.4)

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