Bay Corner Condominium

Key facts from Bay Corner Condominium's documents

Community type

Condominium

Legal name

Bay Corner Condominium

Developer / declarant

GULF TO BAY VENTURES, LLC

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Submission Statement)

Assessments & dues

Set forth in initial budget attached as Exhibit C (not provided) (Section 15.01)

Special assessments

Permitted if necessary for unanticipated expenditures (Section 15.02)

Collections & liens

Association has lien for unpaid assessments; foreclosure action permitted (Section 16.05, 16.06)

Reserves & fees

Not explicitly mentioned; Common Expenses include reserves per Section 2 definition (Section 2 definition of Common Expenses)

Pets

Yes, but limited to cats, dogs, birds in cages, fish in tanks, terrarium animals (Section 19(j))

Leasing & rentals

Yes, units may be leased for profit (not considered a business) (Section 19(f))

Parking & vehicles

Limited to unit driveways, garages, and designated areas (Section 19(b))

Fences

Fencing allowed in back yard as improvement (Section 11.02), but not further restricted (Section 11.02)

Architectural approval

Exterior alterations require prior written consent of other Unit Owner (Section 12.01); landscaping on common elements requires Association consent (Section 12.03); back yard improvements allowed without Association consent but subject to r (Sections 12.01, 12.03, 11.02)

Home business

Allowed only if meeting Holmes Beach City Code requirements (home occupations) (Section 19(f))

Signs & flags

Nothing on exterior walls without all owners’ consent, but exceptions for holiday decorations and certain flags (Section 19(h))

Maintenance

Roof is part of unit per Section 6.02(a) and 6.03; thus owner responsible (Sections 6.02(a), 6.03)

Insurance

Association obtains public liability insurance for common elements (excluding limited); no master property insurance for units (owner's responsibility) (Sections 25.04, 25.01) (Sections 25.04, 25.01)

Voting & meetings

One Voting Representative per unit (Section 2 (definition), Section 20.02)

Amendments

Declaration may be amended by consent of all unit owners (Section 27.01) or by written consent signed by all (Section 27.02); Developer has unilateral amendment rights for certain purposes (Section 27.06); Board may correct scrivener's erro (Section 27)

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