Lost Tree Preserve

Key facts from Lost Tree Preserve's documents

Community type

planned residential community; homeowners' association governed by Chapter 720 Florida Statutes (HOA Act) (1.20, 1.6)

Units / lots

82 Lots initially (subject to change by Declarant) (1.27: 'eighty-two (82) Lots')

Developer / declarant

LOST TREE PRESERVE, LLC, a Florida limited liability company (Preamble)

Governing law

Chapter 720 Florida Statutes (Homeowners' Association Act) (1.20)

Special assessments

Yes, for capital improvements/construction/acquisition/reconstruction; after Turnover requires 30% Member vote unless for casualty loss, insurance deductibles, or preservation of Common Area (Board may levy without vote for those three cond (1.5, 7.3)

Collections & liens

Unpaid assessments become a continuing lien on the Contributing Lot; may be foreclosed like a mortgage (after recording a statement of lien). Personal obligation of Owner also. (6.2, 6.3.3)

Reserves & fees

Reserves for future maintenance, repair and replacement are specifically excluded from Operating Expenses; but Board may include reserves in the budget if it so determines. (6.1.2: 'Reserves for future maintenance,)

Architectural approval

Architectural Review Board (ARB) created pursuant to Section 8 (text of Section 8 not included in this excerpt); approval required for improvements. (1.3)

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