Baracoa Condominium Association, Inc.

Key facts from Baracoa Condominium Association, Inc.'s documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (§1.1, §2.15)

Legal name

BARACOA CONDOMINIUM ASSOCIATION, INC. (§2.5, §7.1)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (§1.1, §2.1)

Assessments & dues

Board adopts annual budget; assessments based on that budget and proportioned by Common Interest. (§9.1, §8.1(g))

Special assessments

Allowed upon majority vote of Association membership at a duly called meeting with quorum; funds must be used for specific purpose stated in notice. (§8.2)

Collections & liens

Association has a lien on each condominium parcel for unpaid assessments effective from recording of claim of lien. Foreclosure action allowed after 30 days' notice. (§8.6, §8.8)

Reserves & fees

Annual budget must include reserves for capital expenditures and deferred maintenance. May be waived or reduced by majority vote of non-developer interests after turnover. (§9.2(a))

Leasing & rentals

Units may be leased only in accordance with By-laws and Rules and Regulations. (§5.7)

Use restrictions

All units shall be used for single-family residential purposes only. (§5.1)

Voting & meetings

One vote per unit; owner of multiple units gets one vote per unit owned. (§4.4)

Amendments

Amendments require approval as per §19.0; majority of unit owners unless otherwise specified; certain changes need unanimous consent. (§19.1)

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