Terrace I at River Strand Condominium

Key facts from Terrace I at River Strand Condominium's documents

Community type

Phase Condominium (Section 1.3: 'Terrace I at River Strand,)

Units / lots

60 (if all phases submitted); Phase I: 30 units (Section 3: '30/30' per phase; Section 3.)

Developer / declarant

Lennar Homes, LLC (Opening paragraph)

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) (Section 2: 'Act' definition)

Assessments & dues

determined annually by Board; not fixed in declaration (Section 13.1, 13.4)

Special assessments

Any Assessment levied other than annual budget assessment (Section 2: 'Special Assessment' definiti)

Collections & liens

Association has lien for assessments, enforceable by foreclosure (Section 14.4, 14.6)

Reserves & fees

required by Act; Developer may waive (Section 13.5)

Leasing & rentals

Not explicitly; possible restrictions in Section 18.9 (referenced in TOC) or Master Declaration (Table of Contents references Section 18.)

Parking & vehicles

Each Unit entitled to one covered parking space (Limited Common Element); Unit Owner responsible for pavement cleanliness; Association responsible for maintenance of structure (Section 3.14.2)

Architectural approval

yes, for any alteration to common elements or unit exterior by unit owner (Section 11.1)

Signs & flags

Addressed in Section 18.16 (Signs) (Section 18.16)

Setbacks / home size

1107-1284 sq ft air conditioned space (Section 3.1 table)

Maintenance

Association (Section 8.4 – roof membrane and trellise)

Use restrictions

Implied, but not explicitly stated in declarations (Text)

Voting & meetings

One vote per Unit (Section 5.2: 'Each Unit shall be entitle)

Amendments

Amendments by Association require majority of Board and unit owners at meeting with quorum, or 80% of voting interests, or 100% of Board before turnover; Developer may amend unilaterally for corrections or as required by institutional mortg (Section 7.1.3, 7.2)

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