Quote:
Posted By EllieD on 03/12/2013 6:58 PM
I do not live in Florida and have no special knowledge of Florida statutes, but I wonder how and/or if, the below (excerpted sections) applies to the question asked by MarthaS2.
Now that they have reinstated the Association, would not all Owners now be required to pay for the costs involved?
PART III
COVENANT REVITALIZATION
720.403 Preservation of residential communities; revival of declaration of covenants.
720.405 Organizing committee; parcel owner approval.
(4) The proposed revived declaration and other governing documents for the community shall:
(a) Provide that the voting interest of each parcel owner shall be the same as the voting interest of the parcel owner under the previous governing documents;
(b) Provide that the proportional-assessment obligations of each parcel owner shall be the same as proportional-assessment obligations of the parcel owner under the previous governing documents;
Essentially they outline that reinstating the covenants have some requirements - that the voting interest remains the same and that any assessments provided in the documents must be the same proportional assessments in the original documents.
This would not have the effect of making assessments during the period of expiration enforceable, or legal.