3190 Matilda Street Condominium Association, Inc.

Key facts from 3190 Matilda Street Condominium Association, Inc.'s documents

Community type

Condominium (Article I)

Governing law

Chapter 718, Florida Statutes (Article I)

Assessments & dues

Annual budget established by Board; assessments based on percentages in Exhibit 7 (Article XVII.A and D)

Special assessments

Board may levy additional assessments if deemed necessary or in emergency (Article XVII.D)

Collections & liens

Association has lien on unit for unpaid assessments, interest, and attorney's fees; foreclosure permitted as mortgage of real property (Article XVII.J)

Reserves & fees

Required reserve accounts for capital expenditures and deferred maintenance (roof replacement, building painting, items >$10,000) (Article XVII.D)

Pets

Pets allowed but not to run freely on common elements; must be leashed outside units (Article XV.E)

Leasing & rentals

Impliedly allowed (references to lease, sell, mortgage; developer's right to lease) (Article XVII (Effect of Voluntary Transf)

Architectural approval

Plans must be submitted to Board and unanimously approved before alterations, improvements, or additions to units or limited common elements (Article XIX.A)

Insurance

Casualty insurance (fire, extended coverage, vandalism, windstorm, water damage, etc.), public liability ($500,000 minimum), workers comp, flood if needed, errors and omissions, fidelity bonding (Article XIII.B.1)

Use restrictions

Units occupied only by a family, servants, guests as a residence (Article XV.A)

Voting & meetings

Each unit entitled to one vote regardless of number of owners (Article VIII)

Amendments

Proposed by Board (majority vote) or majority of unit owners; adopted by majority vote of members; must be recorded; certain changes require joinder of unit owners and mortgagees or supermajority (Article XI)

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