Airport East Condominium Association, Inc.

Key facts from Airport East Condominium Association, Inc.'s documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1.3: Name of condominium is Airp)

Developer / declarant

18 Unit Project LLC. (Section 1: '18 Unit Project LLC., (the ")

Governing law

Florida Condominium Act (Chapter 718 Florida Statutes) (Section 1.2 and Section 2.1: 'Act' means)

Assessments & dues

Board adopts budget, allocates among Unit Owners by percentage share in Exhibit D (Section 12; Section 5.2: percentage shar)

Special assessments

Assessment other than regular annual Assessment; requires approval (majority of voting interests at meeting with quorum if over $10,000 in aggregate in calendar year) (Sections 2.25, 8.1, 13.9)

Collections & liens

Association has lien on Condominium Parcel for unpaid assessments; may foreclose like a mortgage (Section 13.2: 'The Association has a lie)

Reserves & fees

Greater of $25.00 or 5% of each installment (Section 13.2: 'may charge an administrat)

Leasing & rentals

Not explicitly addressed in provided excerpts; Section 18 referred to but not included (Section 3.4(f) mentions leasing of Units)

Parking & vehicles

One parking space assigned per Unit as Limited Common Element; additional spaces may be assigned by Developer or Association (Section 3.3(a): 'Each Unit may have... p)

Architectural approval

Board must answer within 60 days after request and all additional information received; failure to respond constitutes consent (Section 8.2: 'The Board shall have the o)

Insurance

May contain reasonable deductible provisions as determined by Board (Section 14.2(a): 'Such policies may cont)

Voting & meetings

One vote per Unit (Section 5.3: 'Each Unit in the Condomini)

Amendments

By Association: affirmative vote of over 75% of voting interests. Material amendments require joinder of affected record owners and mortgagees. Developer may amend alone during control period (except for time-share or material amendments). (Section 6)

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