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An Open Letter to all Turkey Creek Resident Owners
Dear Owners of Turkey Creek Villas,
Many owners at Turkey Creek Villas may know that we now face an insidious and perilous problem at Turkey Creek Villas Condominiums. Some of you do not.
For those of you that are not aware of what’s going on, this letter is to inform you so that steps may be taken to avoid a possible catastrophe.
Turkey Creek Villas Condominium Association was founded in 1984 as a community of owners that could live here with their family in a close-knit community.
The developer of the Condo complex meant for TCV (Turkey Creek Villas) to be residents for the owners and owners family, they stated this in our Declaration and it was that way for a long time.
However, somewhere along the way someone dropped the ball and allowed an owner to rent out their unit. As time went on, more and more owners moved out and rented their units.
Granted, this was at a time of recession and so renting units to non-family members was overlooked by the Board of Directors.
Now, fast forward to 2016 – Turkey Creek Villas is now over 50% rentals. Renters are moving in and out constantly. Financing cannot be obtained because of the high-rate of rentals.
The character of the community has changed to an “apartment complex” environment.
Things are going to get worse.
As of now there are two “investors” who own three units each who are now on the Board of Directors making decisions not only for their tenants but for the owners as well.
One “investor” has said that she plans on purchasing all units going up for sale for her use as rental units.
When this investor owns 51% of the units no one will be able to stop her from making her own rules for all of us here at TCV.
Additionally, when she owns more units she will be able to modify our bylaws, purchase units without owner consent (by giving remaining owners “fair market value”,
not what you paid, not what you owe the bank) and eventually convert our condominium complex into apartments. All because we sat back and did nothing.
So, what can we do?
First, we must stand together forming a united front against investors taking total control over our homes!
Please read these articles:
Every individual owner should read these articles and understand that with this most recent sale to yet another investor we are now at 50% investor owned. Considering we have a problem even having an annual meeting this is really disturbing.
Gov. Rick Scott this week signed a law aimed at protecting the rights of condo owners when developers are trying to convert complexes into rental properties.
Please note that per Turkey Creek Villas Declaration there is no renting or leasing of units – Family and Social Guests only.
Turkey Creek Declaration Section 23.03 says that your unit is only for a “single family residence for himself and the members of his family and social guests.”
That means no RENTING.
On Saturday July 2nd, 2016 Turkey Creek Villas had its first community 4th of July BBQ/Social. It was a great success!!!
On April 30th, 2016 Turkey Creek Villas had its first Social – Pizza Party at the pool.
It was a huge success. Thank you to all who participated and A big thanks to Brett and Karen who put it on.
April 2016 –
Congratulations to the New Board of Directors:
January 2016 –
Well, we have a new management company as of January 1st, 2016 and we will have a new board election on April 18th at 2:00 PM.
We encourage everyone to vote for Board members that LIVE AT TURKEY CREEK and not INVESTORS that do not live at our community!