Parliament Estates Condominium Association, Inc.

Key facts from Parliament Estates Condominium Association, Inc.'s documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium Association (PARLIAMENT ESTATES CONDOMINIUM ASSOCIATION, INC.) and potential Homeowners Association for residential lots (Parliament Estates Homeowners Association, if formed by unanimous consent) (Declaration of Condominium, Article VIII)

Legal name

PARLIAMENT ESTATES CONDOMINIUM ASSOCIATION, INC. (Declaration of Condominium, Article VIII)

Developer / declarant

Bryan County Holdings, LLC (First Amendment to Declaration of Covena)

Governing law

Florida Statutes Chapter 718 (Condominium Act) (Declaration of Condominium, Article I: ')

Assessments & dues

Board establishes annual budget and levies assessments against Unit Owners based on their percentage share of common expenses (as per Exhibit B). (Declaration of Condominium, Article XVII)

Special assessments

Board may levy additional assessments if regular assessments are insufficient or in emergencies; funds must be used only for the specific purpose stated in notice. (Declaration of Condominium, Article XVII)

Collections & liens

Association has a lien on each Unit for unpaid assessments, and may enforce the lien in accordance with Florida law; the personal obligation of the owner continues. (Declaration of Condominium, Article XVII)

Reserves & fees

Board shall include in each annual budget a reserve fund for capital expenditures, deferred maintenance, and replacement of Common Elements; Unit Owners may vote to reduce or eliminate reserves with 51% vote. (Declaration of Condominium, Article XVII)

Voting & meetings

Each Unit has a Voting Interest based on its square footage as set forth in Exhibit B; the number of votes passes with title to the Unit. (Declaration of Condominium, Article X)

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