Maravilla Homeowners Association, Inc.

Key facts from Maravilla Homeowners Association, Inc.'s documents

Reflects the 1996 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Entire document)

Legal name

Maravilla Condominium Association, Inc. (Section 2B: 'Maravilla Condominium Assoc)

Units / lots

85 (52 in Building 2, 32 in Building 3, 1 commercial in Office) (Section 4A and unit type descriptions)

Developer / declarant

Maravilla Development of Destin, Inc. (Preamble)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Section 1. PURPOSE)

Assessments & dues

Not fixed; Developer guarantees $198.17 per month per unit during initial guarantee period (Section 5C: 'Assessments ... shall not i)

Special assessments

Implied for reconstruction shortfalls; may be assessed proportionally (Section 9E: 'Assessment shall be made ag)

Collections & liens

Association has lien on each condominium parcel for unpaid assessments; lien subordinate to institutional mortgage recorded before claim of lien; Board may foreclose (Section 5F, 5G)

Reserves & fees

Interest at maximum legal rate from date due if not paid within 10 days after due date (Section 5E: 'all sums not paid on or bef)

Leasing & rentals

Yes, for entire unit; lease must cover entire unit (Section 10A: 'any lease of such resident)

Architectural approval

Yes, for alterations in portions maintained by Association; also exterior painting requires prior written consent of Board (Section 4E(1)(c) and Section 4E(1)(b)(3))

Home business

Not allowed for residential units (Section 10A (only residence allowed))

Signs & flags

Developer may display signs during sales; otherwise no rules stated (Section 10G: 'the display of signs' perm)

Maintenance

Association (part of building exterior maintained by Association) (Section 4E(1)(a)(1): 'outside walls of t)

Use restrictions

Yes, except commercial unit may be used for commercial purposes (Section 10A: 'Each of the Units, except )

Voting & meetings

Each unit entitled to one vote in Association (and one vote in Master Association) (Section 4C(4): 'Each unit shall be entit)

Amendments

Requires approval by 2/3 of unit owners, or by 2/3 of Directors until first election; special amendment by Developer for compliance, correction, etc., expires 10 years after recording (Section 14)

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