Parkside Village Homeowners Association, Inc.

Key facts from Parkside Village Homeowners Association, Inc.'s documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Declaration and Articles of Incorporatio)

Units / lots

87 (inferred from quorum requirement of 29 voting entities representing 33 1/3%) (Bylaws Article I, Section 4)

Developer / declarant

Plan-Co, Inc., a Florida corporation (WHEREAS, Developer originally developed )

Governing law

Florida Statutes (specifically §720.3085 for liens) (§25(c) and §32)

Assessments & dues

Not fixed; set annually by Association based on budget needs (§25 Section 2(a))

Special assessments

Not explicitly named but assessment can be adjusted; reserve fund is for future periodic major maintenance (§25 Section 2(a)(4))

Collections & liens

Monthly assessments constitute a debt secured by a lien on the lot; lien attaches annually and is enforceable in court; Association may recover costs and attorney's fees; also a Lien for Charges for common area damage (§25 Sections 4(b), (c); §24)

Reserves & fees

Replacement reserve fund for anticipated future periodic exterior maintenance and major reconstruction; annual contribution must be based on current reserve analysis, no balloon payments (§25 Section 2(a)(4) and Section 4(a))

Home business

Prohibited; no professional office or business purpose whatsoever (§1)

Use restrictions

Land shall be used for residential purposes only; no commercial, hospital, sanitarium, school, religious, charitable, philanthropic, or manufacturing purpose (§1)

Voting & meetings

Each lot owner (or their spouse, or person who has entered an agreement to purchase) is entitled to one vote per lot; co-owners decide among themselves, but no more than one vote per dwelling (Articles Third B; Bylaws Article IV Sect)

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