Terrace V at Cedar Hammock

Key facts from Terrace V at Cedar Hammock's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 2 & 3)

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) (Section 2 & 4)

Assessments & dues

Guaranteed at $524.79 per quarter until 12/31/2003; $603.50 per quarter until 12/31/2004; $694.00 per quarter thereafter until turnover (Section 10.12)

Special assessments

Allowed for unusual, non-recurring or unbudgeted common expenses (Section 10)

Collections & liens

Association has lien on each condominium parcel; may foreclose (Sections 10.8-10.10)

Reserves & fees

Amounts budgeted to fund reserve accounts are common expenses (Section 10.1)

Pets

Yes, up to two (2) small pets of normal domesticated household type (e.g., cat or dog) (Section 12.3)

Leasing & rentals

Yes, but only entire unit and in accordance with Section 13 (Section 13)

Parking & vehicles

Boats, boat trailers, trailers, campers, RVs, etc. not allowed to be kept on condominium property (Section 12.6)

Architectural approval

Yes, for material alterations, substantial additions, changes to exterior appearance (Section 11.5)

Signs & flags

One portable, removable United States flag allowed per Section 718.113(4), Florida Statutes (Section 12.5)

Use restrictions

Each unit shall be occupied by only one family as a residence (Section 12.1)

Voting & meetings

Each unit has one vote; total voting interests = 60 (Section 4.21 & 6.1)

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