Twin Palms at Inlet Beach

Key facts from Twin Palms at Inlet Beach's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

Twin Palms at Inlet Beach Homeowners Association, Inc. (Article 1(d))

Governing law

Florida Statutes (references to Section 720.308) (Article 5.9 (Section 720.308(1)(B), Fla.)

Collections & liens

Assessments, late charges, interest, costs, and attorney’s fees constitute a continuing lien on the Lot. Association may foreclose lien as a debt. Lien superior to all others except ad valorem taxes and first Mortgage recorded prior to Asso (Article 5.2, 5.5, 5.6)

Reserves & fees

Board shall annually prepare a capital reserve budget, set required contribution, and include it in the budget and assessment. Capital reserve budget distributed to Members. (Article 5.10)

Insurance

Each Owner must carry blanket all-risk property insurance on Lot and structures, full replacement cost coverage, deductible not to exceed $5,000 per occurrence. Policies must be in effect at all times. (Article 6.8)

Use restrictions

Each Lot shall be used for residential purposes only. No trade or business of any kind may be conducted in or from a Lot, with exceptions for ancillary business activities meeting listed conditions. (Article 9.2)

Amendments

Referenced in Article 16.1 (not fully excerpted). Amendment is governed by General Provisions. (Table of Contents, Article 16.1)

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