How does “Zero Lot
Line” at RiverBay compare with a condominium?
A: Unlike a condominium,
RiverBay residents actually own the lot on which their townhome is
located. In a condominium, you only own the air space within the walls of
your unit; you own no land that you can call your own. In RiverBay, only
the open space surrounding the lots is common property.
What exactly does
“Common Property” mean?
A: The areas surrounding
the lots are known as common areas and are owned and maintained by
RiverBay Homeowner’s Association. These areas, including the swimming
pool and restroom, are for the exclusive use and enjoyment of RiverBay
owners, guests and tenets.
What is the RiverBay
Homeowner’s Association and who controls it?
A: RiverBay Homeowner’s
Association, Inc. is a non-profit corporation. RiverBay owners are
considered Class A members and shall be entitled to one vote for each lot
owned. The Developer is a Class B member and is entitled to three votes
for each lot owned. Class B membership will cease and be converted to
Class A membership when the total votes in Class A equals the total votes
in Class B (when 75% of the homes are sold). The directors of the
Association are elected annually and they elect Association officers.
What services are
provided by the Homeowner’s Association?
A: Maintenance and upkeep
of the common areas include the landscape care and irrigation, parking lot
maintenance, operation, repair and maintenance of the swimming pool, trash
collection, street lighting, sewer service and lift station, ponds,
walkways, building painting, roof replacement and insurance on the common
elements and all water consumed at RiverBay.
Who pays for the
A: All members of the
Association are required to pay an annual assessment collectible monthly.
So long as there is a Class B membership, the developer will pay the
difference, if any, between the total operating expenses and the amount of
the assessments required to be paid by Class A members; or at the
developer’s option, he may elect to pay the same as Class A members. All
monies collected are used for maintenance, certain utility expenses and
taxes & insurance on the common property.
What is the annual
A: The annual assessment
is calculated on the amount of billings to the Association by providers of
utility services such as sewer, water, reclaimed water, garbage pickup,
electricity, grounds maintenance, pool services and other common expenses.
These expenses are variable and can change from year to year.
What safeguards does
the Association provide to uphold the pleasant appearance of RiverBay?
A: Any alterations or
additions which would change the exterior appearance of any RiverBay home
must be approved, in advance, by the RiverBay Homeowners Association.
Are there any
restrictions if I want to sell my townhome?
A: No, you may sell your
townhome as you would sell any other home. The new owner is automatically
a member of the Association and subject to the restrictions and
What about pets?
A: Two pets may be kept
by RiverBay residents. Animals must be kept within the confines of its
owner’s property, or on a leash when outside.
Can I put up a fence?
A: No fences are
What about parking in RiverBay?
A: Each home is provided
with garages designated on the ground floor of your unit as well as a
driveway. Additional parking spaces are available on an unassigned basis.
Parking on RiverBay roads or other common areas is prohibited.
Is the homeowner
responsible for any exterior maintenance?
A: Yes. Each owner must
maintain the exterior of his/her home, including but not limited to, the
roof, fascia, soffits, all exterior walls, driveways, screened and open
How is sewer service
A: All water and sewer
service is included in the annual assessment.
What about trash
A: Trash pickup will be
“curbside” on scheduled days during the week. All expense of trash
pickup is included in the annual assessment.
What about homestead
A: RiverBay homeowners
can qualify for Florida Homestead Tax exemptions by filing necessary
documents with Manatee County in conformity with all current laws.
How many lots will be
included in the Association?
A: RiverBay Homeowner’s
Association will include the owners of all lots in RiverBay. The developer
plans to develop a maximum of 114 lots in RiverBay.
Who manages the
property after the developer is no longer involved?
A: With approval from the
Board of Directors, a management company can be employed to pay bills and
supervise lawn, pool and grounds maintenance.
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