3617 Ponce De Leon Blvd, Condominium Association, Inc.

Key facts from 3617 Ponce De Leon Blvd, Condominium Association, Inc.'s documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

3617 PONCE DE LEON BLVD. CONDOMINIUM ASSOCIATION, INC. (Section 1.2)

Governing law

Chapter 718 of the Florida Statutes (Condominium Act) (Introduction, para 1)

Assessments & dues

Board fixes amounts necessary for Common Expenses based on estimated operating budget adopted by Association; Special Assessments for unanticipated expenditures (Section 8 (first paragraph), Section 2.2)

Special assessments

Board may levy for unanticipated expenditures; must set forth specific purpose in written notice; collected funds used only for that purpose; excess becomes Common Surplus (Section 8 (last paragraph), 8.2 (last se)

Collections & liens

Association has lien for unpaid assessments; may foreclose like a mortgage; may also bring money judgment action without waiving lien (Section 8.4)

Reserves & fees

Common Expenses include contributions to reserve fund necessary for replacement of Common Elements (Section 2.7)

Leasing & rentals

Yes, with restrictions (Section 9.1(b))

Architectural approval

Unit Owner must obtain prior written consent of Board for any alteration or improvement to Unit that involves Common Elements, Limited Common Elements, interior boundary walls, exterior walls, screening, exterior doors, windows, structural/ (Section 7.2(b))

Voting & meetings

Total 100 votes; each Unit Owner votes percentage equal to undivided interest in Common Elements (50% each for the two Units) (Section 13.2)

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