Palm Gables Condominium Association, Inc.

Key facts from Palm Gables Condominium Association, Inc.'s documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Submission Statement, 1.01)

Units / lots

7 units total (2 in Phase I, 4 in Phase II, 1 in Phase III) (19. Phase Development)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Submission Statement; 2. Definitions)

Assessments & dues

Initial assessment set in initial budget (Exhibit B); Developer guaranteed no increase over $987.16 per Unit per calendar quarter for initial period (15.01; 16.10)

Special assessments

Any Assessment levied other than the annual budget assessment; allowed by Board if necessary (2. Definitions (Special Assessment); 15.)

Collections & liens

Association has lien on each Condominium Parcel for unpaid Assessments; may record Claim of Lien and foreclose like a mortgage; may also sue for money judgment (16.05; 16.06)

Reserves & fees

Required by Condominium Act for capital expenditures and deferred maintenance; converter reserve account funded by Developer per Section 718.618 (14.01(b); 22.05)

Pets

Yes, Unit Owners permitted to keep pets on Condominium Property (26.01(h))

Leasing & rentals

Yes, Units may be leased (26.01(g) (not construed to prohibit rent)

Parking & vehicles

Not specifically addressed; parking limited to designated areas (26.01(c))

Fences

PVC fence surrounding Condominium Property is Common Element (7.01(a)(6)) (7.01(a)(6))

Architectural approval

Material alterations or substantial additions to Common Elements or Limited Common Elements require prior written consent of Association (Section 11); Unit Owner may not paint or decorate exterior appearance without consent (11.02); alterat (11.01; 11.02; 9.01(g))

Home business

Permitted if conducted in compliance with all governmental regulations; renting is allowed even if considered business (26.01(g))

Signs & flags

Unit Owner may display one portable, removable United States flag respectfully; on specified days, may display official flags of armed forces not larger than 4.5 ft x 6 ft (26.01(j))

Setbacks / home size

Phase II: no less than 1,800 sq ft air-conditioned space; Phase III: approximately 1,900 sq ft (19)

Maintenance

Not explicitly assigned; roof likely Common Element (building components), so Association responsibility under 9.02(a) (9.02(a); 7.01(a))

Insurance

Association required to purchase fire, flood, and other casualty and liability insurance (14.01(c)) (14.01(c))

Use restrictions

Yes: No Unit shall be used or occupied for any purpose other than as a single family residential dwelling (26.01(g))

Voting & meetings

One vote per Unit, cast by Voting Representative (20.02; 2. Definitions (Voting Representa)

Amendments

Amendment requires approval of not less than 2/3 of Voting Representatives (unless otherwise provided); may also be done by written consent of 2/3; amendments by Developer allowed for errors, compliance, adding phases, lender approval witho (28.01-28.07)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.