Waterpark Place

Key facts from Waterpark Place's documents

Community type

Covenant / Planned Community

Units / lots

420

Developer / declarant

Parcel J Joint Venture (Gulf Bay Land Investments, Inc. and Parcel J-I Development, Inc.) (Art I, Sec 1.M)

Governing law

Florida Condominium Act (Chapter 718) (Art I, Sec 1.L, 1.N)

Assessments & dues

quarterly assessments based on annual budget; proportion per unit owned (Art VIII, Sec 4)

Special assessments

allowed for acquisition, construction, unexpected repairs, capital improvements, utility fees, Pelican Bay fees (Art VIII, Sec 5)

Collections & liens

assessment becomes a continuing lien; Association may foreclose (Art VIII, Sec 7, 8)

Reserves & fees

allowed for major repairs, emergency (Art VIII, Sec 2)

Parking & vehicles

parking areas on common property may be used by any unit owner and guests, not exclusive (Art IV, Sec 6.D)

Architectural approval

architectural review required for any building, sign, outside lighting, fence, hedge, walk, dock, other structure or planting; also changes and additions (Art IX, Sec 1.C)

Insurance

general liability, hazard, fidelity insurance for common property and improvements (Art IV, Sec 1.B)

Voting & meetings

One vote per Condominium Unit or Villa owned (Art III, Sec 3.3.A)

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