Ocean Lake Villas Condominium Association, Inc.

Key facts from Ocean Lake Villas Condominium Association, Inc.'s documents

Community type

condominium (Paragraph 1: submitted to condominium ow)

Legal name

OCEAN LAKE CONDOMINIUM ASSOCIATION, INC.

Developer / declarant

NANCY L. OLBERT, as Trustee

Governing law

Chapter 718, Florida Statutes (Paragraph 1: 'pursuant to Chapter 718, F)

Assessments & dues

Common expenses assessed against each condominium parcel in proportion to undivided shares of common elements (percentages in Paragraph 9) (Paragraph 10(b): 'Common expenses shall )

Collections & liens

Association may record and foreclose a Claim of Lien as set forth in Chapter 718, Florida Statutes (Paragraph 15: 'Failure to pay any assess)

Reserves & fees

Not to exceed $25.00 payable by seller, limited to actual expenditures (Paragraph 19(d): 'The Association shall )

Pets

Pets allowed up to 50 pounds (Paragraph 21(q): 'No pets in excess of f)

Leasing & rentals

Yes, but requires prior written approval of Board as to terms and conditions; Board may require substantially uniform lease form (Paragraph 19(b): 'A condominium parcel s)

Parking & vehicles

Any other type of vehicle beyond passenger automobiles, station wagons, and motorized campers/recreational vehicles is specifically excluded, including trailers, boats, house/utility trailers, campers, trucks (Paragraph 21(p): 'Any other type of vehi)

Maintenance

Not explicitly stated; roof is part of common elements? Likely Association responsibility as structural element (Paragraph 16(a)(1): Association maintain)

Insurance

Not required; master policy does not cover personal property, personal liability, or living expenses of unit owners (Paragraph 18(a): 'The above insurance pr)

Use restrictions

Units shall be used only as a single-family residence (Paragraph 21(a): 'Not use or permit the )

Voting & meetings

Each condominium parcel is entitled to one vote, cast by voting member or proxy. Maximum 8 voting members at any time. An owner of more than one parcel may be designated as voting member for each parcel. (Paragraph 12: 'An owner or owners of a s)

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