Mystic Pointe Tower 400 Condominium Association, Inc.

Key facts from Mystic Pointe Tower 400 Condominium Association, Inc.'s documents

Community type

Condominium (Declaration Section 1.3: 'identified as )

Units / lots

309 (Declaration Section 3.1: 'the Building c)

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) (Declaration Section 2.1: 'Act means the )

Assessments & dues

Board prepares budget, sets assessments, allocates to Units per percentage shares (Exhibit 3) (Declaration Section 12: 'determine the a)

Special assessments

Capital additions over $100,000 require majority vote of Units at meeting with quorum (Declaration Section 8: 'costing in exces)

Collections & liens

Association has a lien on each Condominium Parcel for unpaid assessments. Lien effective from recording of Declaration. Claim of lien recorded. Foreclosure like mortgage. Can accelerate next 12 months' assessments after 30 days' notice. App (Declaration Section 13.2, 13.3, 13.4)

Reserves & fees

Required by Act; included in Common Expenses; financial report must include general reserves, maintenance reserves, depreciation reserves (Declaration Section 12: 'reserves for (i)

Architectural approval

Yes, prior written consent of Board for any addition, alteration or improvement in or to Common Elements, Unit, or Limited Common Elements (Declaration Section 9.1: 'No Unit Owner )

Maintenance

Not explicitly, but exterior surfaces made of glass or other transparent material, and exteriors of doors, are Common Elements. Roof likely Common Element (not in boundaries). (Declaration Section 3.2(c): 'exterior su)

Insurance

Reasonable deductible as determined by Board (Declaration Section 14.2(a): 'Such polic)

Voting & meetings

Each Unit has one vote, cast by its Owner (Declaration Section 5.2: 'Each Unit shal)

Amendments

By Association: notice of proposed amendment in meeting notice; resolution by majority of Board or 1/3 of members; approval by affirmative vote of Unit Owners owning in excess of 66 2/3% of Units (except as otherwise provided). By Developer (Declaration Section 6.1, 6.2, 6.3, 6.4)

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