Bannerman Commons Propety Owners Association Inc

Key facts from Bannerman Commons Propety Owners Association Inc's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned residential community comprised of both condominium units and single-family homes; the Association is NOT a condominium association. Governed by Chapter 720, Florida Statutes (HOA Act). (Preamble, Section 1.7, Section 1.25)

Units / lots

16 condominium Units (within Condominium Parcel) plus 9 single family Homes = 25 total initially (Preamble and Section 2.1)

Developer / declarant

Summit Group Development of Tallahassee, Inc., a Florida corporation (Preamble)

Governing law

Chapter 720, Florida Statutes (Homeowners' Association Act) (Section 1.25)

Assessments & dues

Budget prepared by Board, total anticipated Operating Expenses (excluding reserves and special assessments) divided equally among all Contributing Homes to produce Individual Home Assessment. (Section 7.1)

Special assessments

Allowed for capital improvements, reconstruction, casualty losses, judgments, legal fees (except collection and enforcement), and other costs designated as Special Assessments. (Section 7.3, Section 6.1.2)

Collections & liens

Assessment, interest, and costs constitute a continuing lien on the Contributing Home. Lien effective upon recording of a written statement. Foreclosure available via action in equity like mortgage foreclosure. (Section 6.2, Section 6.3.3)

Reserves & fees

Reserves for future maintenance, repair, and replacement are specifically excluded from Operating Expenses, but Board may include reserves in annual budget. (Section 6.1.2 (last part))

Parking & vehicles

Association may maintain parking spaces on Common Area, subject to rules and regulations. No specific restrictions on street parking, commercial vehicles, etc. in excerpt. (Section 3.7)

Fences

Not specifically addressed in excerpt, but fences are listed as Improvements subject to architectural control. (Section 1.27 (Improvements include fence)

Signs & flags

Not specifically addressed, but Owners agree not to interfere with Declarant's sales process, including carrying signs or posting signs on Lots or Homes (Section 2.2). (Section 2.2)

Use restrictions

Homes are defined as residential dwelling units intended as an abode for one family. No explicit statement prohibiting other uses, but implied. (Section 1.26)

Voting & meetings

Each Lot is entitled to one vote. Members vote as provided in the Articles. (Section 5.2 ('one-vote-per-lot basis'), )

Amendments

Amendments to Declaration must be properly adopted per Governing Documents, consecutively numbered, and recorded in Public Records. Supplemental Declarations executed by Declarant (with Association joinder if requested) may add/withdraw pro (Section 1.2 (Amendments), Section 3.1 (A)

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