Sandalwood Business Center Condominium Association, Inc.

Key facts from Sandalwood Business Center Condominium Association, Inc.'s documents

Community type

Commercial Condominium (Heading: SANDALWOOD BUSINESS CENTER, A C)

Legal name

Sandalwood Business Center Condominium Association, Inc. (Section 3.3)

Governing law

Chapter 718, Florida Condominium Act (Section 1)

Assessments & dues

Board of Directors determines assessments; Common Expenses include all expenses incurred by Association. (Section 3.7 (Common Expenses); Section 8)

Special assessments

Permitted; for reconstruction after casualty if insurance insufficient (Section 10.2.2); approval by Unit Owners required if insurance insufficient for very substantial damage (67% voting interests) (Section 10.2.3.1.2). (Section 10.2.2; Section 10.2.3.1.2)

Collections & liens

Liens for assessments may be foreclosed by suit; money judgment also available. Association has powers under Florida Statutes Section 718.116. Late charges, interest, attorneys' fees, costs secured by lien. (Section 17 and 17.1)

Reserves & fees

Mentioned in context of reconstruction: if insurance proceeds plus available reserves insufficient for reconstruction of Common Elements, special assessment levied (Section 10.2.2). No specific reserve requirements. (Section 10.2.2)

Leasing & rentals

Developer has right to lease Units; no explicit restriction on Owner leasing. Association may require disclosure? Not specified. (Section 5.4.6 (Developer right to sell, )

Parking & vehicles

Not explicitly mentioned; possibly prohibited under outdoor storage restriction. (Section 11.5: Condominium Property shall)

Architectural approval

Yes, Board of Directors or Architectural Review Committee must approve modifications to Unit, Common Elements, Limited Common Elements, exterior changes. Also need approval from Master Association Architectural Review Board for exterior mod (Sections 6.5, 6.6, and reference to Mast)

Home business

Not specifically addressed; commercial use permitted per zoning. (Section 11.2)

Signs & flags

Business name and suite number on windows/doors must be approved by Association. Developer may approve signage on building exterior at Unit Owner's expense. Developer may designate pylon/monument signage along Lena Road and assign space. No (Sections 6.2.12, 6.5, 11.6)

Maintenance

Association responsible for maintenance, repair and replacement of roofs (Common Elements). (Section 3.6.12: The roofs are Common Ele)

Insurance

Association shall pay all policy deductible amounts on Association policies. (Section 9.4.3 (last sentence))

Voting & meetings

Each Unit shall have appurtenant thereto a voting interest equivalent to the Unit’s percentage interest in the Common Elements and Common Surplus. (Section 3.20; Section 4.5 (new percentag)

Amendments

General amendments: by 67% of voting interests present at meeting with quorum (Section 13.3). Developer amendments until turnover (Section 13.4). Correctory amendments by Board (13.2). Amendments for unit boundary changes (Section 4.1) requ (Sections 13, 4)

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