Administration of Condominium by Colonial Arms Condominium Association

Key facts from Administration of Condominium by Colonial Arms Condominium Association's documents

Reflects the 1982 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and Article I)

Legal name

COLONIAL ARMS CONDOMINIUM ASSOCIATION, INC. (Article V (page 3))

Governing law

Florida Condominium Act (Article I)

Assessments & dues

Board of Administration adopts annual budget; one-twelfth of annual assessment due monthly in advance (Article VII (page 4) – 'Board of Adminis)

Special assessments

Allowed; if not connected to actual operating/managerial/maintenance expense, requires 75% owner approval; for improvements exceeding 115% of current annual assessment also requires 75% approval (Article VII (page 4) and Article XII (pa)

Reserves & fees

Operating reserve not to exceed 15% of total projected common expenses for the year (Article VII (page 4))

Pets

Yes, one pet allowed in owner's unit (Article X(m) (page 10))

Leasing & rentals

Yes, apartment may be rented (Article X(b) (page 9))

Parking & vehicles

Trailers, boats prohibited unless permitted by Board (Article X(k) (page 9-10))

Home business

Not explicitly addressed; only residential use stated (Article X(a))

Insurance

Casualty insurance covering all improvements (building, fixtures) to maximum insurable value, including fire, windstorm, extended coverage, vandalism, malicious mischief; public liability insurance with cross-liability endorsements (Article VIII(b) (page 6-7))

Use restrictions

Yes, each apartment restricted to residential use by owner, immediate family, guests, invitees (Article X(a) (page 9))

Voting & meetings

One vote per unit; no vote for units owned by Association; multiple owners designate one voter; Developer retains vote (Article VI (page 3-4))

Amendments

By 75% of unit owners voting in person or by proxy; no amendment affecting mortgage validity or developer rights without consent of mortgagees/developer; changes to share of common ownership/expenses require unanimous vote and approval of i (Article XIII (page 10-11))

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