The Parador

Key facts from The Parador's documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Governing law

Chapter 718, Florida Statutes (The 'Condominium Act') (Section 4)

Special assessments

Permitted for unusual, nonrecurring, or unbudgeted common expenses (Section 10.1)

Collections & liens

Association has lien on each condominium parcel for unpaid assessments; may foreclose (Sections 10.8, 10.9, 10.10)

Reserves & fees

Permitted: amounts budgeted for funding reserve accounts (Section 10.1)

Leasing & rentals

Yes, with Association approval (Section 13)

Parking & vehicles

Limited common element parking spaces assigned to specific Units; minimum covered spaces: 1 for floors 1-4, 2 for floor 5 (Section 8.1(B))

Architectural approval

Yes, Board approval required for alterations, additions, modifications (Section 11.4)

Signs & flags

Prohibited except one 'Open House' sign during actual showing, attended (Section 12.8)

Use restrictions

Each Unit occupied by only one family as a residence and for no other purpose (Section 12.1)

Voting & meetings

Each Unit collectively entitled to one vote; total voting interests = 18 votes (Section 4.17)

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