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Which CDD are you in? Please note the the language "potential termination" in the statute. I am not an attorney but I can reasonably assume the deed restrictions were written by an attorney who was well aware of the statute. My deed restriction (CDD 10) acknowledge the 30 year time limit on the deed restrictions and then specifically states that it will automatically renew for successive 10 year periods (unless some action is taken). While I probably won't be here in another 20 years, when the 30 year time limit is reached, I believe it is reasonable to assume that what is in the deed restrictions, with regard to automatic 10 year renewal, will come to pass. If there is specific action required in 30 years for the 10 year renewal to happen, it is reasonable to assume the CDD (or Developer??) will take such action to follow the deed restrictions.
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[QUOTE=biker1;2025966]Which CDD are you in? /QUOTE]
L-80 Courtyard. It states that it is valid for 99 years and automatically renews every 10 years after that. While it's stated in there, it still expires. I'm not a lawyer, don't know what to tell you, this is what our lawyer told us. The Florida statute probably supersedes the document or came into effect after our document. It wasn't a big deal other than the fact that our HOA wasn't really aware that it was necessary until about two weeks before it ran out so a meeting had to be called, someone had to be given authority to sign it and spend the money. I believe this was done, but I've been up north for 12 days and just got back. I haven't caught up on all the stuff going on around here. |
OK, thanks for the info. I am sorry to hear that you folks needed to personally spend money on this.
[QUOTE=Malsua;2025974] Quote:
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Personally, i';m glad we have covenants and rules. It has made for a better place and kept those that would turn this into some crappy place largely away from here
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