The Penthouses at Gulf Stream Condominium Association, Inc.

Key facts from The Penthouses at Gulf Stream Condominium Association, Inc.'s documents

Community type

Condominium (Title and Article 1.12)

Units / lots

5 (4 Residential Units, 1 Commercial Unit) (Article 5.1)

Governing law

Condominium Act (Chapter 718, Florida Statutes) and Florida Vacation Plan and Time-Sharing Act (Chapter 721, Florida Statutes) (Preamble and Article 1.13, 1.24)

Collections & liens

Enforcement provisions (Article 12) referenced but not detailed in excerpt (Table of Contents (Article 12) and Artic)

Reserves & fees

$100 (or such other amount permitted by law) for review and approval of transfer (Article 8.1(c))

Leasing & rentals

Yes, Owner may lease/rent Unit during his reserved Use Period; Developer may rent units held for sale (Articles 7.1(a), 7.11)

Parking & vehicles

One non-assigned space per Residential Unit; second vehicle space-available; no trailers, campers, motor homes, boats, boat trailers; subject to Rules and Regulations and Facilities Easement (Article 7.13)

Architectural approval

Not explicitly in Declaration; Rules and Regulations may govern (Article 1.40 (Rules and Regulations refe)

Use restrictions

Residential Units occupied as single-family private dwelling; Owner may rent during Use Period (Article 7.1(a))

Voting & meetings

Each Owner entitled to vote equal to his undivided interest in Common Elements (Article 9.4)

Amendments

Article 19 referenced (not included in excerpt) (Table of Contents (Article 19))

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