City Homes at Cypress Walk Condominium

Key facts from City Homes at Cypress Walk Condominium's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Land Condominium (Section 1: 'a land condominium')

Legal name

City Homes at Cypress Walk Condominium Association, Inc. (Section 3: 'The name of the Condominium )

Developer / declarant

Manatee Ventures, Inc. (Opening paragraph)

Governing law

Florida Condominium Act, Chapter 718, Florida Statutes (Section 2: 'the Florida Condominium Act )

Assessments & dues

During Developer Guaranty Period, regular assessments for Common Expenses (exclusive of reserves) per unit per month shall not exceed $147.70 (Section 7.7 - Budget Deficits During Dev)

Collections & liens

Assessments are a continuing lien on the unit; recording of declaration constitutes record notice; Association may foreclose after 60 days delinquency; lien subordinate to first mortgages (Sections 7.1, 7.4, 7.5)

Reserves & fees

Board may establish reserve funds; Developer waived reserves for fiscal year 2020 & 2021 (Section 7.2 and 7.7: 'The Developer has )

Pets

Yes, dogs, cats or other usual and common household pets in reasonable number as determined by Board (Section 11.6: 'with the exception of dog)

Leasing & rentals

Yes, for residential purposes only, minimum term at least one year (Section 11.5: 'All leases shall have a m)

Parking & vehicles

Vehicles shall be parked in parking areas (garage and driveway of each Unit) (Section 11.4 - Vehicles; Parking)

Architectural approval

Yes, for exterior construction, alteration or addition; Developer has sole authority until each unit improved with dwelling with certificate of occupancy; thereafter Board acts as ARC (Sections 9, 9.6)

Home business

Allowed if not visible or detectable from exterior, does not increase traffic, conforms to zoning, etc. (Section 11.2)

Signs & flags

Prohibited without prior written consent; no 'For Rent' or 'For Sale' signs; Developer may erect signs (Section 11.3)

Maintenance

Association (Section 8.1(j): 'all roofing on the Perm)

Insurance

Association required to maintain insurance, including casualty, as required by Florida law (Section 7.7 (reference to insurance cove)

Use restrictions

Each Unit shall be used for single family residential purposes exclusively (Section 11.2 - Residential Use)

Voting & meetings

One vote per Unit (Section 5.5: 'Members shall be entitled )

Amendments

General amendments require compliance with FS 718.110(1)(a) and this Declaration; extension of 7-year period requires unit owner approval; material alterations to common elements require 67% vote; rules require Developer consent and 67% vot (Sections 6.3.4, 10.2, 11.1)

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