Terrace IV at River Strand Condominium

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

Community type

Condominium (Section 1.3)

Legal name

Terrace IV at River Strand Condominium Association, Inc. (Section 2 definition of 'Association')

Units / lots

60 (30 per Phase, two phases) (Sections 3 and 3.9)

Developer / declarant

Lennar Homes, LLC, a Florida limited liability company (Preamble)

Governing law

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

Special assessments

Any Assessment levied other than the annual budget assessment (Section 2 definition of 'Special Assessm)

Reserves & fees

Required by Act; Developer may waive or reduce reserves (Section 13.5)

Leasing & rentals

Yes, subject to restrictions (Section 18.9 referenced but not fully captured) (Table of Contents Section 18.9)

Parking & vehicles

Each Unit entitled to exclusive use of 1 covered parking space (LCE) (Section 3.14.2)

Architectural approval

Yes, for alterations to Unit or Common Elements. Board approval required. (Section 11.1)

Setbacks / home size

1107 to 1284 square feet of air conditioned living space (Section 3.1)

Maintenance

Association maintains roof membrane (Section 8.4 (last sentence))

Voting & meetings

Each Unit entitled to one (1) vote; regardless of number of unit owners of such Unit (Section 2 definition of 'Voting Interest)

Amendments

By Board or 20% of Unit Owners; notice at meeting; approval by >50% of voting interests represented at quorum plus 66-2/3% Board, or 80% of voting interests represented; prior to Unit Owner control of Board, 100% Board approval; Developer m (Sections 7.1-7.5)

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