Palm Club a Condominium

Key facts from Palm Club a Condominium's documents

Community type

Condominium

Legal name

The Palm Club Association, Inc. (Section 1(b))

Units / lots

152 (Section 7)

Developer / declarant

ITT Community Development Corporation, a Delaware corporation (Preamble)

Governing law

Chapter 711, Florida Statutes (Condominium Act) (Recitals and Section 1)

Assessments & dues

Set by Board based on annual budget; initially broken into four equal quarterly installments (Section 21(a)-(b))

Special assessments

Allowed if deficit in treasury; levied against each unit in its percentage (Section 21(b))

Collections & liens

Association has lien on unit for unpaid assessments, interest, and attorney fees; subordinate to first mortgages; may foreclose by suit (Section 12(d)-(e))

Reserves & fees

Interest at highest rate after 15 days delinquency; Board may declare whole year due on 5 days notice (Section 12(c))

Pets

Authorized pets, birds or other animals permitted in unit and common elements only under Association regulations; not permitted in recreation area (Section 23(d))

Leasing & rentals

Leasing permitted only with prior written Board approval; Board has complete discretion; must act within 20 days; uniform lease form may be required; owner remains liable (Section 22(c))

Parking & vehicles

Parking spaces are common elements; no use of another's assigned space (Section 4(a)(vii) and Section 23(k))

Maintenance

Association maintains common elements including limited common elements (balconies, porches, terraces); unit owner maintains interior surfaces, fixtures, and separately metered utilities (Section 11(a), Section 2(d), Section 23()

Insurance

Association must obtain insurance for all insurable improvements, public liability, workmen's compensation, and other coverages; premiums are common expense (Section 26(a)-(c))

Use restrictions

Unit shall not be used for any purpose other than residential (Section 23(c))

Amendments

Declaration may be modified by 75% of unit owners executing with deed formalities; certain changes require joinder of affected owners and mortgagees; Developer may amend to correct errors for 2 years without approval (Section 8(a)-(c))

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