Rainbow Lakeside Condominium Association, Inc.

Key facts from Rainbow Lakeside Condominium Association, Inc.'s documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (create a condominium form of ownership)

Legal name

Rainbow Lakeside Condominium Association, Inc.

Developer / declarant

HANEY DEVELOPERS, INC., a Florida Corporation (made by HANEY DEVELOPERS, INC.)

Governing law

Florida Condominium Act (Article I(1): Act means the Florida Cond)

Assessments & dues

Proportionate share of Common Expenses equal to percentage of ownership in Common Elements (1/29 per unit) (Article 5.03: each Unit Owner shall be l)

Special assessments

Special Assessments are costs other than Common Expenses; used for reconstruction, damage, etc. (Article I(21), Article 11.05)

Collections & liens

Association has a lien on each Unit for unpaid assessments; lien relates back to recording of declaration; foreclosable like mortgage; includes attorney fees; can obtain money judgment without waiving lien (Article 5.05)

Reserves & fees

Common Surplus may be added to a reserve fund for maintenance, repair, replacement of Common Elements at Association's discretion (Article 5.06: such Surplus or any portio)

Leasing & rentals

Units may be leased (Article 7.05: Units may be leased by the)

Home business

Professional or quasi-professional owner may use Unit as ancillary facility to office elsewhere; limited personal business activities allowed (Article 7.01: a professional or quasi-pr)

Use restrictions

Each Unit shall be used only as a residence (Article 7.01: Each Unit or any two or mo)

Voting & meetings

one vote per Unit, not divisible; joint owners cast vote by unanimous consent or as per Bylaws (Article 6.03: Each Unit is entitled to o)

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