Sweetwater Ridge Townhomes at Magnolia Pointe

Key facts from Sweetwater Ridge Townhomes at Magnolia Pointe's documents

Reflects the 2013 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Townhome Owners Association (General governance documents)

Developer / declarant

Lake Equity Partners, LLC (Article 1.8)

Governing law

Florida Statutes, Chapter 720; Chapter 83; Chapter 720.3085 (Rules and Regulations Section 1.b (Chapt)

Special assessments

Allowed for capital improvements; if exceeds current annual assessment, requires majority of Members voting at duly called meeting (Section 7.4)

Collections & liens

Assessment lien created; may be foreclosed like a mortgage; personal obligation also exists (Section 7.1)

Reserves & fees

Maintain separate reserve replacement account for capital replacements (Section 7.3)

Pets

Yes, with limits (Rules Section 8)

Leasing & rentals

Yes, with restrictions (Rules Section 1.b; Amendment Section 2)

Architectural approval

Yes, plantings must be approved by Master ARB prior to installation (Rules Section 9.l)

Use restrictions

Yes; each unit used only as single-family private dwelling (Rules Section 1.a)

Voting & meetings

One vote per Unit (Section 5.3 'Members shall be entitled o)

Amendments

Approval of majority of a quorum of Owners present in person, by proxy, or by absentee ballot at a duly noticed meeting (Amendment recitals (citing Article 15 of)

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