Buyer/Seller/Title Closing Information

A Guide for Owner/Sellers, Buyers, & Realtors

WHAT IS AN ESTOPPEL?
An estoppel letter/certificate is used to facilitate a closing by providing a snapshot of the fees or assessments that a seller may owe to their association. [Read More]

An Estoppel is usually ordered by the Title Company closing on the home or can be purchased by a prospective buyer in a private sale transaction. An Estoppel should be ordered online at www.homewisedocs.com

 

Estoppel Fees:

  • Regular 10 business days request: $000.00
  • Rush 3 business days: $000.00
  • Transfer Fee: $000.00
What to Know:
Even if an Estoppel is not ordered, a transfer fee in the amount of $000.00 shall be added to the new buyers account when the property is transferred when notice is provided by the county Property Appraiser. 

IMPORTANT ASSOCIATION INFORMATION

  • Buyers do not need Association approval.
  • Owners do not need to live in the home before leasing (see lease restrictions). 

FREQUENTLY ASKED QUESTIONS 

Oak Village HOA does not manage the country clubs within the Association. These are separate entities with their own memberships as they are not included in your Annual Assessments.

Sugarmill Woods Country Club and Citrus National (Formally Southern Woods Golf Clubs )  have access to 36 holes in Sugarmill Woods.  A golfing community on Florida’s West Coast, it’s located in Homosassa.  The Oak Village Sports Complex offers tennis, pickleball, a lap pool, and fitness for those who fancy other forms of physical activity. Residents of all ages and all walks of life are welcome in Sugarmill Woods. All are eligible to become members and avail themselves of these amenities.

When members seek other fun in the area, they have the option of fishing, boating, or kayaking in the Gulf of Mexico or any of the seven rivers nearby. There are many other outdoor activities along the Nature Coast as well. The one-hour drive to Tampa or two-hour drive to Orlando can satisfy the most discriminating tastes for their cultural, fine dining, sports, and entertainment desires. In Sugarmill Woods, they’ll have the best of both worlds: a community in a rural setting with close access to many parts of Florida that reflect a time reminiscent of the 20th Century that boasts low crime, low taxes, and comparatively low living expenses, as well as easy access to big-city amenities.

Please contact the Country Club directly for membership and further information.

Sugarmill Woods Country Club

Sugarmill Woods Country Club

1 Douglas Street

Homosassa, FL 34446

352-382-3838

https://www.sugarmillwoodscc.com

Citrus National Country Club

Citrus National Golf Club

1501 Corkwood Blvd, Homosassa, FL 34446

352-382-1200

https://www.southernwoodsgc.com

The Annual Budget is approved each year by the members of the Association. This adoption occurs during the Annual Member’s Meeting on the 4th Wednesday of March at 7:00pm. The amount that is presented to the owners for approval will be the Annual Assessment.

Leasing Eligibility?
Yes, Leasing is permitted within specific guidelines. See the Deed Restrictions below.

Is Transient Accommodations (AirBnB, VRMO, etc.) Permitted?
No, transient tenants may not be accommodated in a Home. Subleasing is also prohibited. No home may be advertised on a short-term leasing website.

What are the requirements for a Lease in Oak Village POA?
There is a minimum six (6) month lease period or not less than one hundred eighty (180) consecutive days. In addition, the home may not be leased more than two (2) times in any given twelve (12) month period.

Do Lessee’s follow the Rules & Regulations?
The Lessee, as part of the Lease Agreement, shall agree to abide by and adhere to the terms and conditions of the Deed Restrictions together with all Rules and Regulations and all policies adopted by the Association. The owner is also responsible for the Lessee as well.

All leases shall not conflict the governing documents of the association.
All Lease Agreements between the owner and lessee shall not conflict with the governing documents of the association. If this arises, the governing documents of the Association shall prevail.

Sellers (or the Sellers Real Estate Agent) must provide all relevant HOA documents to potential buyers. The seller has the access to retrieve important information of the Association that may assist the buyer in their transition. The following is a list of items that the owner should be providing to the potential buyer.

  • Governing Documents (Deed restrictions, bylaws, operating rules, etc.)
  • Recent financial statements (usually the previous months)
  • Current Annual Budget
  • Deed Restriction, Common Area, Architectural Violations
  • Recent meeting minutes

Reviewing the association’s governing documents will allow the buyer to determine whether the HOA is a good match for them. If they dislike the HOA’s restrictions, they may change their mind about the sale. The same idea applies to a review of the association’s financial statements. These reports will give the buyer a glimpse into the financial condition of the HOA.

11. SIGNS AND DISPLAYS

11.1 Prohibited Signs – Outdoor Signs, of any type or material, are prohibited on all residential properties within the Subdivision. Prohibited signs include, but are not limited to, commercial service providers, contractors (roofing, aluminum, remodeling, landscaping, sod, etc.), except those which are permitted.

11.2 Permitted Signs – One (1) “For Sale” or one (1) “For Rent” sign per Lot so long as they are on one/eight inch (1/8”) wire supports no higher than twenty-four inches (24”).  These signs must not exceed six by eight (6 x 8) inches.  A single “Rider” sign, no larger than two by eight (2 x 8) inches stating either “Pending” or Realtors name may be attached to the “For Sale” or “For Rent” sign. They must be placed within the boundary of the Lot and may not be placed in any County right-of-way or on another Owner’s Lot. 

11.3 One “Open House” sign so long as it does not exceed two foot by two foot (2’ x 2’) and is used with the Property Owner or a licensed sales agent in attendance and removed at the end of the scheduled “Open House”.  Signs may be placed only on Saturdays and Sundays. Open House signs must be placed within the boundary of the lot and may not be placed on any County right of way, common area or on another Owner’s lot.

Yes, please refer to Section 24 for Single Family and Multi Family Deed Restrictions. There is also a Permit Fee charge that is applicable.

The roads are owned/regulated by the county; all golf carts are subject to road regulations and county requirements. It is not the Association to enforce golf carts.

OWNER FEES

If you should have any questions, please contact the Management Office at (352) 621-8053.