Fountains at Sandestin

Key facts from Fountains at Sandestin's documents

Community type

Covenant / Planned Community

Legal name

Fountains at Sandestin Homeowners Association, Inc. (Article I(d))

Developer / declarant

232, Inc., a Florida corporation (Preamble)

Governing law

Laws of the State of Florida (Article X, Section 14)

Assessments & dues

Board by majority vote sets annual General Assessment sufficient to meet obligations (Article VII, Section 1(a))

Collections & liens

Assessment Charge is a continuing lien on the Parcel; may be foreclosed like a mortgage (Article VII, Section 6(c)-(d))

Reserves & fees

Board shall build up and maintain reserves for working capital, contingencies, and replacement (Article VII, Section 8(d))

Leasing & rentals

Leasing is not considered time-share ownership, therefore permitted (Article IX, Section 1(b))

Architectural approval

ARB and committee shall notify applicant within 60 days; if not, application deemed approved unless extension agreed (Article VIII, Section 3(d))

Maintenance

Owner responsible for maintenance and replacement; Board may contract for replacement if 1/3 roofs need replacement (Article VI, Section 4)

Use restrictions

All Parcels shall be used exclusively for residential purposes (Article IX, Section 1(b))

Voting & meetings

Two classes: Class A (one vote per Parcel), Class B (Declarant, three votes per Parcel) (Article III, Section 2)

Amendments

By instrument signed by owners holding 75% of total voting power; requires Declarant consent while Declarant owns unsold Parcels; Declarant may unilaterally amend for certain purposes (Article X, Section 10)

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