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Managed by
MEB Real Estate Management, Inc.
6150 S.R. 70 East
Suite 202
Bradenton, FL 34203
941-756-1800

6039 Cypress Gardens Blvd.
Suite 313
Winter Haven, FL 33884
863-397-3090
,

Association Information

Is there a master association?No
Does the project operate as a resort hotel, renting units on a daily basis?No
Is there any part of the project used for commercial property?No
When was the last Reserve study completed?2005
Is there a sales/lease application fee?No
Is an interview required?No
Does the association have the right to approve the buyer?No
What Fire District is this property in?Marion County Fire and EMS
Is there on-site staff?No
Is there a pet policy?Yes

Legal Name of Association?The Falls of Ocala Homeowners Association, Inc.
Notice requirement:14 days
Quorum Requirement:50% +1
Is the project a conversion of an existing building?No
Year control of the Association transferred from the developer to the owners?Still under Developer Control
What year was the property built?1985 ?

Is the project subject to additional phasing and add-ons?Yes
Are for sale signs or for rent signs allowed to be displayed on the property?Yes
Is there an Architectural review policy?Yes

Type of housing?Manufactured Housing, Fee simple ownership
Are all units, common areas, and/or facilities complete?No

Is there notice requirement for the budget meeting?2 Days in advance
Are there any pending or levied special assessments?No
There are no extraordinary expenditures approved by the association, and not yet assessed, for the current and the two succeeding fiscal year, except as follows:No
Does the association have a reserve fund separate from the operating account?Yes
Amount of individual association fees:$156.00 per month
When are the association fees due?Due on the first.
When is a late fee assessed?The next business day after the 10th.
Is there working capital required to be deposited by a buyer? Details:No
When is the fiscal year end?December 31

Is the Assocaition involved in any litigation?No
Are the individual units covered by the project's master or blanket hazard insurance policy?No
Does the project require flood insurance coverage?No
Are there any adverse environmental factors affecting the project as a whole or as individual units?No
Are the units owned fee simple or lease hold?Fee Simple
Does the individual unit owner own a parcel of land fee simple improved with a dwelling?Yes
Is the development administered by an HOA that owns and is obligated to maintain property and improvements within the development for the common use and benefit of the unit owners?Yes
Do the unit owners have an automatic, non-severable, interest in the homeowner's association and pay mandatory assessments?Yes

Can the management company draw checks from the reserve accounts?No
Association Manager:Mark E. Butler
Contact phone:941-756-1800
Who is the registered agent?MEB Real Estate Management, INC
6150 S.R. 70 East
Suite 202
Bradenton, FL 34203
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