Sapphire Point Homeowners Association Inc

Key facts from Sapphire Point Homeowners Association Inc's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Section 1.3: 'Association shall mean and)

Legal name

Sapphire Point Homeowners Association, Inc. (Section 1.3)

Units / lots

Up to 472 residential dwellings (Second paragraph of declaration: 'consis)

Governing law

Chapter 720, Florida Statutes (2020) (Section 1 (Definitions), first paragraph)

Special assessments

Allowed for expenditures not covered by annual assessments; each parcel pays pro rata share (Section 4.1(B))

Reserves & fees

Greater of $25 or 5% of each overdue assessment installment (Section 4.6(A))

Pets

Pets and animals subject to Section 9.6 (specifics not provided in excerpt) (Section 9.6 (title only; content not in )

Leasing & rentals

Yes, with procedures in Section 12; lease must be disclosed to Association; subject to approval conditions (Sections 12.2-12.4, 4.6(B), 12.6)

Use restrictions

Yes, all units must be used as Single Family Residences (Section 9.1 (Residential Purposes))

Amendments

Section 14 (details not provided in excerpt); Developer reserves right to amend to submit or remove property; amendments require vote as per Section 14.3 (Sections 14.2-14.6 (titles) and introduc)

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