Mustang Island at Lely Resort

Key facts from Mustang Island at Lely Resort's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA - Mustang Island Homeowners Association, Inc. (Florida not-for-profit corporation) (Section 1.2 and throughout)

Assessments & dues

Guaranteed Assessment during Interim Period: $170.00 per Dwelling Unit per month (Interim Period = 1 year or until Turnover Event, extendable by Developer) (Sections 6.3.1, 6.3.2)

Special assessments

Permitted for capital improvements, extraordinary expenses, defaults, or as Board determines; assessed same way as individual assessment; payable in lump sum or installments (Section 6.4)

Collections & liens

All assessments, fines, interest, costs (including attorneys' fees) constitute a continuing lien on the Lot/Dwelling Unit; lien may be foreclosed like a mortgage; Association may record claim of lien and file court action (Article VII, especially 7.1, 7.2.3, 7.2.)

Reserves & fees

Association may establish reserve fund for replacement/capital refurbishment of Common Areas; fund is exclusive property of Association, no Owner has claim (Section 5.1.8)

Pets

Normal household pets permitted, subject to Association rules and regulations; no other animals permitted (Section 2.2.7)

Leasing & rentals

Not explicitly addressed; time shares prohibited; leasing not mentioned but likely permitted subject to restrictions? (Section 2.2.2(U) (time shares prohibited)

Parking & vehicles

Not explicitly; but parking limited to guest and authorized service vehicles (Section 2.2.2(E))

Fences

Fences, walls, hedges, or aesthetic plantings creating barrier require prior written approval of ARB (Section 2.2.2(C))

Architectural approval

Prior written approval of Mustang Island at Lely Resort ARB required for any improvement, exterior change, structure, addition, alteration, modification (including building, wall, fence, pool, screened enclosure, landscaping, paint/roof col (Section 2.2.1(C))

Home business

Prohibited (no business on any Lot; no professional office) (Section 2.2.2(A))

Setbacks / home size

Front: 20 feet; side: 5 feet (from exterior finished surfaces, exclusive of roof overhangs); rear: 10 feet; accessory structures: 0 feet (but may be waived by Developer) (Section 2.2.9)

Maintenance

Owner responsible for roof cleaning, painting, repairs (Section 4.2.1(A)(i))

Insurance

Association shall purchase liability insurance for Common Areas (public liability, property damage, bodily injury, etc.) and casualty insurance (fire, extended coverage, windstorm, flood, etc.) with limits determined by Board; also fidelity (Sections 8.1.1, 8.1.2, 8.1.3)

Use restrictions

All Lots shall be used only for single family residential purposes; no business except Developer may allow some units for development/business (Sections 2.1.1, 2.2.2(A))

Voting & meetings

As set forth in the Articles of Incorporation (not detailed in this declaration) (Section 3.1)

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