4719 N. Miami Ave Condominium Association, Inc.

Key facts from 4719 N. Miami Ave Condominium Association, Inc.'s documents

Community type

condominium (Throughout)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Article I: "pursuant to Chapter 718, Flo)

Assessments & dues

Developer guarantees that first-year monthly assessment will not exceed $300.00. (Article XVII B: "the assessment for the )

Special assessments

Board may levy additional assessments if deemed necessary or in emergency. (Article XVII D: "the board shall have th)

Collections & liens

Association has a lien on each unit for unpaid assessments and may foreclose like a mortgage. (Article XVII J: "The association has a l)

Reserves & fees

Budget must include reserve accounts for capital expenditures and deferred maintenance, including roof replacement and building painting. (Article XVII D: "the budget shall includ)

Pets

Pets allowed but must be leashed when outside unit; not allowed to run freely on common elements. (Article XV E: "Pets shall never be allow)

Leasing & rentals

Leasing is allowed for any term, including short-term rentals and vacation rentals. (Article XV A: "the units may be leased a)

Architectural approval

Prior board approval required for alterations or additions to units or limited common elements that affect structure, exterior appearance, or easements. (Article XIX A: "no alteration or improve)

Insurance

Association must carry casualty insurance on buildings and improvements at replacement value, public liability insurance ($500,000 minimum), workers' comp, flood if required, and fidelity bonding. (Article XIII B: detailed list including )

Use restrictions

Units shall be occupied only as a residence. (Article XV A: "Each of the units shall b)

Voting & meetings

Each unit owner is entitled to one vote regardless of number of owners. (Article VIII: "each unit shall be entitl)

Amendments

Amendments require notice and majority approval of unit owners; certain changes require mortgagee consent or supermajority. Filed in public records. (Article XI: "adopted by the affirmative )

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