A community of 108 fabulous vacation villas in Orlando Florida

About the Home Owners Association

WHAT IS SILVER CREEK HOA?

HOA stands for Home Owners Association. This is an association formed under Florida State Law, which is obligatory for all communities of 50 or more homes. In its most basic form, the HOA is simply responsible for looking after the ‘common areas’ on the development – those areas outside the lot boundaries, (usually excepting the County maintained roads) which are owned ‘in common’. This form of HOA is usually found in residential communities where the owners look after their own lots.

On short-term rental developments however, where the owners are absent most of the time, then the HOA has to act for them. In our case, as can be seen from the 2006 budget, this includes all gardening activities on the lots, etc. exterior pest control, our street lighting expenses, and cable TV etc. Also, whereas in a community of residential owners the HOA is run by the residents, our HOA needs a professional company to manage it. This is done by Sentry Management, to whom we each pay $2,000 a year for the total cost of all HOA services.

All owners should have a copy of the Declaration of Covenants and the Amendment to the Declaration of Covenants, given to you at closing. These documents spell out the constitution of the HOA and its responsibilities. They also talk about the election of a Board of Directors whose task is to direct the professional managers. The Directors are elected every year, in our case around November/December time. So if any of you feel like taking over………!