Art Deco Condominium Association, Inc.

Key facts from Art Deco Condominium Association, Inc.'s documents

Reflects the 1991 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title, Article I)

Units / lots

120 hotel rooms (Phase I) plus 6 commercial units (Phase II) = 126 maximum (Article V A; Prospectus page 4)

Developer / declarant

THE ART DECO CHARLES HOTEL LIMITED (Preamble to Declaration)

Governing law

Chapter 718, Florida Statutes (1989) (Article I, Article IV A)

Special assessments

Allowed by Board for extraordinary expenses or other reasons. (Article XV A, Article IV R)

Collections & liens

Association has lien on unit for unpaid assessments and may foreclose. (Article XV B 1, 3)

Reserves & fees

Fee as provided by Florida Condominium Act; also $100 credit check for resale. (Article XI O; Article XIII A)

Pets

Yes, with prior written approval of Association. (Article XI F)

Leasing & rentals

Yes, subject to Association approval. Mandatory rental management contract (Exhibit F). All leasing through Management Corporation. (Article XI A, C; Article XIII A)

Architectural approval

Yes, Board approval required for structural modifications, alterations to exterior or common elements, and any changes to windows, doors, etc. (Article XI M, Article XIV A 3, 5)

Home business

Prohibited in residential units except Developer's model/sales/management use. (Article XI A)

Insurance

Liability insurance for common elements (including directors/officers, fidelity, public liability, workers comp, hired auto). Casualty insurance for condominium property (fire, extended coverage, vandalism, flood) at maximum insurable repla (Article XVII, Article XVIII A)

Use restrictions

Hotel rooms used for single-family residences or rentals only. No business except models/sales office by Developer. Commercial units for commercial use only. (Article XI A)

Voting & meetings

Each hotel room owner has one vote. Joint owners must designate a voting member; special rules for spouses. (Article VIII)

Amendments

Amendment requires 2/3 vote of owners and majority of Board; certain changes require unanimous consent of affected owners and mortgagees. Pre-Majority Election Meeting: Association can correct scrivener's errors. (Article XXIV)

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