Beach Winds Condominium Association, Inc.

Key facts from Beach Winds Condominium Association, Inc.'s documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Declaration of Condominium, title and th)

Governing law

Florida Statute 718, The Condominium Act (Hierarchy of FL Condominium Governance ()

Assessments & dues

Board prepares budget; each owner pays proportionate share (1/61 initially); budget must be adopted annually (Declaration of Condominium, Section VII,)

Collections & liens

Association has a lien on condominium parcel for unpaid assessments; may foreclose like a mortgage; must give 30 days notice to unit owner before foreclosure judgment; lien subordinate to first mortgages (Declaration of Condominium, Article VII )

Reserves & fees

Operating reserve not to exceed 15% of total projected common expenses; budget includes reserves, contingency, bad debt (Declaration of Condominium, Section VII )

Leasing & rentals

Yes, with restrictions (Declaration of Condominium, Section X, b)

Parking & vehicles

Limited common elements include garages A1-A30, B1-B30 for exclusive use of unit owners; no further parking rules in provided text (may be in Rules & Regulations) (Declaration of Condominium, Section IV, )

Home business

Not explicitly addressed in provided text (implied by residential use restriction) (N/A)

Maintenance

Not specifically assigned in provided text; likely Association as part of common elements (Declaration of Condominium, Section IX, )

Insurance

Association must maintain casualty insurance covering all improvements (exterior and interior fixtures), fire, windstorm, extended coverage, vandalism, malicious mischief; also public liability insurance; fidelity bonding for persons contro (Declaration of Condominium, Section VIII)

Use restrictions

Yes (Declaration of Condominium, Section X, a)

Voting & meetings

One vote per unit; if multiple owners, they designate one voter in writing (Declaration of Condominium, Section VI, )

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