Palmer Park Homeowners Association, Inc.

Key facts from Palmer Park Homeowners Association, Inc.'s documents

Reflects the 1994 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Tract Association (not condominium) under the Palmer Ranch Master Association (Article 1.34, Article 2.01(b))

Governing law

Florida Statutes Chapter 380 (Development of Regional Impact); Chapter 718 (condominium) expressly not applicable (Article 2.01(b), WHEREAS clauses)

Assessments & dues

Not fixed; set annually by Budget adopted by Board (Article 9.01(a))

Special assessments

Allowed for capital improvements after Transfer Date; Declarant never pays special assessments. (Article 9.04)

Collections & liens

Assessments are a continuing lien on the UNIT from time of recording a claim of lien. Foreclosure in equity as mortgage. Right to accelerate 12-month assessments after 15 days' notice. (Article 8.02, 8.03(a),(c))

Leasing & rentals

Yes, but leases must require compliance with the PALMER PARK OF COMMERCE DOCUMENTS and allow Association to enforce lessor's rights. (Article 5.06)

Parking & vehicles

Prohibited from habitual parking except in designated areas. (Article 5.03(g)(1))

Architectural approval

Yes, Building and Planning Board (of Master Association) approves plans, specifications, and locations of all structures and other work. This function may be delegated to Tract Association. (Article 5.01(a)-(b))

Maintenance

Owner (exterior maintenance includes roofs). (Article 5.04(a))

Use restrictions

The original Declaration covers COMMERCIAL-INDUSTRIAL PROPERTY only; the Supplement (2015) removes certain property to become residential under a Neighborhood Sub-Association. For the Tract Declaration area, use is commercial-industrial. (Article 4.02(a)(2) (commercial use); Sup)

Voting & meetings

Each Member other than Declarant gets one vote per VALUE assigned to UNIT. Declarant has two times the total votes of all other Members until Transfer Date, then same as other Members per UNIT owned. (Article 7.02(a)(1)-(2))

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