Terms Used In Florida Statutes 720.315

  • Developer: means a person or entity that:
    (a) Creates the community served by the association; or
    (b) Succeeds to the rights and liabilities of the person or entity that created the community served by the association, provided that such is evidenced in writing. See Florida Statutes 720.301
  • Parcel: means a platted or unplatted lot, tract, unit, or other subdivision of real property within a community, as described in the declaration:
    (a) Which is capable of separate conveyance; and
    (b) Of which the parcel owner, or an association in which the parcel owner must be a member, is obligated:
    1. See Florida Statutes 720.301
  • Quorum: The number of legislators that must be present to do business.
Before turnover, the board of directors controlled by the developer may not levy a special assessment unless a majority of the parcel owners other than the developer has approved the special assessment by a majority vote at a duly called special meeting of the membership at which a quorum is present.
  Previous section
Next section  
 Part I Contents