Indian River Neighborhood Association, Inc.

Key facts from Indian River Neighborhood Association, Inc.'s documents

Community type

Homeowners Association (HOA) for Compass Pointe Subdivision (DEFINITIONS - Association)

Legal name

COMPASS POINTE OF INDIAN RIVER HOMEOWNERS ASSOCIATION, INC. (DEFINITIONS - Association)

Governing law

Florida Statutes (Chapter 697 referenced in definitions, also 163.94 for renewable energy) (DEFINITIONS (Chapter 697); Article III S)

Assessments & dues

Initial $300.00 per Lot until Jan 1, 2003 (excluding individual lot yard maintenance). (Article V Section 5)

Special assessments

May be levied for shortfall, repair/replacement of capital improvement, or construction/acquisition of new capital improvement. If 'major' (exceeds 50% of current year's annual assessment per owner in same fiscal year), requires approval by (Article V Section 4)

Collections & liens

Assessments are a continuing lien on the Lot until paid. Association may enforce lien by foreclosure or other legal means. (Article VI Section 1, 2)

Reserves & fees

One-time initiation fee of $250.00 per Lot payable to Association upon initial conveyance. Subsequent owners may reimburse previous owner. Fee may increase after Dec 31, 2002 in same manner as annual assessments. (Article I Section 2)

Pets

Yes, dogs, cats, and other household pets. No livestock, poultry, or commercial breeding. (Article III Section 11)

Leasing & rentals

Yes, subject to lease provisions requiring tenant compliance with covenants. Owner must provide Association with copy of lease or names/addresses of landlord and tenant. (Article IV Section 2)

Fences

Maximum height 6 ft (4 ft on lakefront lots). No chain link, cyclone, or wire fencing. Must be wood shadow-box design, uniform. Setback: no further forward than 10 ft behind front building line; corner lots require side setback equal to res (Article III Section 10)

Architectural approval

Yes, for all construction, exterior alterations, additions, fences, walls, etc. (Article II Section 2(a))

Home business

Prohibited (no trade, traffic, business of any kind). (Article III Section 2)

Signs & flags

Only 'For Sale' or 'For Rent' signs allowed, limited to one per lot, maximum 4 ft above ground, not exceeding customary size. Developer and builder signs permitted. (Article III Section 17)

Setbacks / home size

Front: 20 ft from lot line. Side interior: 10 ft. Rear: 20 ft. Eaves, steps, open porches not considered part of building for setback purposes. If conflict with zoning, zoning prevails. (Article II Section 10)

Use restrictions

Yes, except for model homes and sales trailers. (Article III Section 2)

Voting & meetings

Class A (all owners except Declarant): 1 vote per lot. Class B (Declarant): 3 votes per lot owned. Class B converts to Class A upon earlier of: 3 months after 75% residential lots conveyed (excluding builders), election by Declarant, or Jan (Article I Section 3)

Amendments

Developer may amend unilaterally until control transfers for certain purposes (conform to governmental/mortgage requirements, perfect provisions). After Developer no longer owns any Lot, amendment requires approval of two-thirds (2/3) of to (Article VIII Section 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.