Miramar at Lakewood Ranch Condominium Association, Inc.

Key facts from Miramar at Lakewood Ranch Condominium Association, Inc.'s documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (multiple condominium associations under a Master Association; Master Covenants also apply) (Page 1 of 3 'Amended and Restated Declar)

Governing law

Florida Statutes Chapter 718 (condominium law) referenced indirectly in Master Covenants §17(c) about §718.116 (BK 2556 PG 1267 'the provisions of § 718)

Assessments & dues

Annual common expense assessment levied per assessment share; amount determined annually by Board in budget; due in quarterly installments. Specific dollar amounts not stated in this document. (BK 2556 PG 1265-1266 (Master Covenants §)

Special assessments

Master Association may levy special assessments if budget insufficient or emergencies; requires approval of members of the affected Condominium and Developer; may be payable in installments. (BK 2556 PG 1266-1267 (Master Covenants §)

Collections & liens

Master Association has lien against all property subject to assessment; may file Claim of Lien and foreclose like mortgage; lien subordinate only to tax liens, certain special assessments, and first mortgage liens recorded prior to Claim of (BK 2556 PG 1267-1268 (Master Covenants §)

Reserves & fees

Master Association may set aside reserves for future expenditures, including capital repairs, maintenance, and replacement; also may create contingency fund. (BK 2556 PG 1268 (Master Covenants §18); )

Voting & meetings

Members (unit owners) vote by assessment shares; one vote per assessment share; votes cast by President or Vice-President of each Member Association; simple majority unless otherwise specified. (BK 2556 PG 1281 (Article IV §4.3))

Amendments

Master Covenants may be amended by approval of members holding at least two-thirds (2/3) of assessment shares; amendment must be recorded; until December 2008, no amendment may affect Developer rights without consent; cannot materially modi (BK 2556 PG 1258 (certificate); BK 2556 P)

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