The Peninsula Condominium Management Association, Inc.

Key facts from The Peninsula Condominium Management Association, Inc.'s documents

Community type

condominium (Title and Section 1)

Legal name

The Peninsula Condominium Management Association, Inc. (Section 2.1, 8)

Units / lots

172 residential units plus 1 Manager's residential unit (173 total) (Section 3.2(a))

Governing law

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

Assessments & dues

Board of Directors fixes and determines sums necessary for Common Expenses and assesses Unit Owners (Section 7)

Special assessments

Permitted; specifically for insurance repair shortfalls (Paragraph 9.2(d)(1) and 9.2(e)(3)(ii)) (Section 7, 9.2(d)(1), 9.2(e)(3)(ii))

Collections & liens

Association has lien for unpaid assessments, including interest and attorney's fees; lien subordinate to first mortgages of record; may foreclose in like manner as mortgage (Section 7.2)

Reserves & fees

Allowed as permitted by law (Section 7.1)

Pets

Only dogs permitted; must be lap dogs (small enough to be held in owner's lap and weighing less than 20 pounds) (Section 10.12)

Leasing & rentals

Leasing or renting is permitted but subject to restrictions (Section 10.5)

Insurance

Each Unit Owner must purchase unit property insurance (HO-6 or casualty) in amounts sufficient to rebuild interior and any other items owner is obligated to reconstruct, plus loss assessment coverage; Board may require proof (Section 9.5)

Use restrictions

Each Unit shall be occupied only as a single family residential dwelling (Section 10.1)

Voting & meetings

One vote per Condominium Parcel, except Units 2201/2, 2207/8, and PH-7/8 have two votes each (Articles of Incorporation, Article 4.4)

Amendments

Amendments proposed by Board or by majority of members; notice given; approved by 60% of members present and voting; certain paragraphs require unanimous or all mortgagee consent (e.g., termination, maintenance provisions); recorded in Publ (Section 13, 13.3)

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