Gramercy

Key facts from Gramercy's documents

Reflects the 1995 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1 (Submission to Condominium Own)

Governing law

Florida Condominium Act, Chapter 718, Florida Statutes (Section 4 (Definitions) and Section 1)

Assessments & dues

Not fixed; set by annual budget as common expenses divided equally per unit (1/24th). (Section 10.1 (Common Expenses), 10.2 (Sh)

Special assessments

Allowed; for unusual, nonrecurring or unbudgeted common expenses. (Section 10 (Assessments and Liens))

Collections & liens

Association has a lien on each condominium parcel for unpaid assessments, perfected by recording a Claim of Lien. May foreclose or sue for money judgment. (Sections 10.8, 10.9, 10.10)

Reserves & fees

Association may budget amounts for reserve accounts as part of common expenses. (Section 10.1 (including reserve accounts)

Leasing & rentals

Yes, but with prior Association approval and only in accordance with Section 13. (Section 13 (Leasing of Units))

Architectural approval

Board approval required for material alterations, additions, changes to exterior appearance; approval may be denied if detrimental. (Section 11.5)

Home business

Prohibited (no business or commercial activity in or from any unit). (Section 12.1)

Maintenance

Association maintains common elements (exterior, wiring, plumbing, etc.) and certain limited common elements. Owner maintains unit interior, appliances, A/C, windows, doors, porch areas, etc. (Sections 11.1 (Association), 11.2 (Owner)

Use restrictions

Each unit shall be occupied by only one family as a residence; no business or commercial activity. (Section 12.1)

Voting & meetings

Each unit collectively entitled to one vote; total 24 voting interests. (Section 4.18)

Amendments

Requires at least 75% (seventy-five percent) of voting interests (as evidenced by certificate filed with this declaration). (Certificate of Amendment (Resolutions 1-)

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