Palm Cove Property Owners Assn of Brevard Inc

Key facts from Palm Cove Property Owners Assn of Brevard Inc's documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

homeowners association (not a condominium) (Section 1.6)

Legal name

PALM COVE PROPERTY OWNERS ASSOCIATION OF BREVARD, INC. (Section 1.6)

Units / lots

85 Homes (planned initial number) (Section 2.1)

Developer / declarant

D.R. Horton, Inc., a Delaware corporation (Beginning of Declaration)

Governing law

Chapter 720, Florida Statutes (HOA Act) (Section 1.20)

Assessments & dues

Determined annually by Board Budget, divided equally among Contributing Homes (Section 7.1)

Special assessments

May be levied for capital improvements, casualty losses, insurance deductibles, etc.; requires 30% Member vote after Turnover Date except for specified emergency items (Section 7.3)

Collections & liens

Unpaid Assessments become a lien on the Contributing Home upon recording of a statement of lien; foreclosure like mortgage (Section 6.2, 6.3.3)

Reserves & fees

Excluded from Operating Expenses but Board may include reserves in budget (Section 6.1.2)

Architectural approval

Architectural Review Board created; approval required for structures on Surface Water Management System (Section 1.3, 4.7.4)

Use restrictions

True (planned residential community, Homes as residential dwelling units) (Section 1.21, Whereas clauses)

Voting & meetings

As set forth in Articles of Incorporation (Section 5.1)

Amendments

Amendments must be recorded and consecutively numbered; Supplemental Declarations by Declarant (Section 1.2, 1.37)

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