Villa Santander Condominium Association, Inc.

Key facts from Villa Santander Condominium Association, Inc.'s documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condo (Document title and Section 1)

Developer / declarant

Santander Coral Gables, LLC, a Florida limited liability company (Section 2.21)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Section 1, 2.4)

Assessments & dues

Initial guaranteed rate: $477.88 monthly without reserves, $668.50 monthly with reserves; $5,734.54 annually without reserves, $8,022.00 annually with reserves (Section 12.2)

Collections & liens

Association has a lien on each condominium parcel for unpaid assessments, interest, attorneys fees; may foreclose as a mortgage (Section 13.3, 13.4)

Reserves & fees

Common Expenses include amounts budgeted for reserve accounts; Developer may waive reserves for first two fiscal years before turnover (Section 2.14, 13.5)

Insurance

Unit Owner responsible for insuring own Unit, personal property, floor/wall/ceiling coverings, alterations/additions, built-in cabinets/appliances, water heater, HVAC, electrical fixtures located within Unit; expected to carry homeowner's i (Section 14.1)

Voting & meetings

Each Unit entitled to one (1) vote (Section 5.2)

Amendments

By Association: approved by at least two-thirds (2/3) of voting interests present and voting at meeting (annual or special) after notice. By Developer: during control period may amend to correct error/omission or for necessary purposes with (Section 6.1, 6.2, 6.4)

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