University Inn Condominium Association, Inc.

Key facts from University Inn Condominium Association, Inc.'s documents

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

Legal name

University Inn Condominium Association, Inc. (Amendment, first line; Declaration Art. )

Units / lots

146 (Declaration Art. 2.D)

Governing law

Chapter 718 of the Florida Statutes (Condominium Act) (Declaration, Preamble and Art. 1)

Assessments & dues

Board of Administration determines sums necessary for Common Expenses; initially payable in advance monthly on first day of month; Board may establish other collection procedures (Declaration Art. 13.A)

Special assessments

Association may levy special assessments against units in their respective percentages if a deficit develops (Declaration Art. 13.A)

Reserves & fees

Board may include sums to establish reasonable reserves against future contingencies in each annual assessment (Declaration Art. 13.A)

Pets

Only with pet permission agreement approved by Association; as of amendment effective date, dogs prohibited except grandfathered registered dogs (Amendment, Rule 14; Amendment para (h))

Leasing & rentals

6 months (Declaration Art. 20)

Use restrictions

Units shall only be used as residences by owners, lessees, family members, and guests in accordance with Rules and Regulations (Declaration Art. 2.G)

Voting & meetings

One vote per unit; multiple owners of a unit collectively one vote; no cumulative voting (Declaration Art. 9.D)

Amendments

Amendment requires affirmative vote of more than 50% of voting interests. Certain amendments (changing unit size, appurtenances, common expense percentages) require unit owner and lien holder joinder. Mortgagee consent required for amendmen (Declaration Art. 8.A, B, C)

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