Avery Square

Key facts from Avery Square's documents

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

Community type

Homeowners Association (HOA) operating a community known as Avery Square (Article III (OR 5293 PG 2972))

Governing law

Florida Not-for-Profit Corporation Act (Chapter 617, Florida Statutes) and Chapter 720, Florida Statutes ('the Act') (Preamble (OR 5293 PG 2972); Article II ()

Assessments & dues

Board adopts annual budget; regular assessments based on budget; paid monthly or quarterly as determined by Board. (Bylaws Sections 6.2, 6.4 (OR 5293 PG 298)

Special assessments

May be imposed by Board for unusual expenses. Before turnover, requires majority approval of Owners other than Developer. After turnover, requires two-thirds approval of Voting Interests, except for necessary maintenance, repair, insurance, (Bylaws Section 6.5 (OR 5293 PG 2989-2990)

Collections & liens

Fines shall not be secured by a lien against a Parcel except as permitted by the Act. Otherwise, remedies include suspension of rights and legal action. (Bylaws Section 8.1(B) (OR 5293 PG 2991))

Reserves & fees

May include reserve accounts for capital expenditures and deferred maintenance. If provided, must be funded or waived per Section 720.303(6), Florida Statutes. Budget may include reserves. (Bylaws Section 6.3 (OR 5293 PG 2989))

Maintenance

Association responsible for Common Area; owner responsibility not detailed in this document. (Article III(B) (OR 5293 PG 2972))

Voting & meetings

Class A Members: one vote per Parcel. Class B Member (Developer): prior to turnover, votes equal to total number of Class A Parcels plus one; after turnover, one vote per Parcel owned. Non-cumulative voting for Directors. (Articles IV(C) (OR 5293 PG 2973-2974); B)

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