Villas at Summer Bay

Key facts from Villas at Summer Bay's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Timeshare Condominium (Page 6: "Timeshare Estates have been cre)

Governing law

Florida Condominium Act, Chapter 718, Florida Statutes; Florida Vacation Plan and Timesharing Act, Chapter 721 (Page 6: "submitted to condominium owners)

Assessments & dues

Not fixed; determined by Board (Article XIV: "the sum or sums necessary )

Collections & liens

Association has lien on each Condominium Parcel or Timeshare Estate for unpaid Common Expenses, including attorney's fees and costs. Lien on timeshare estate limited to that owner's interest. Foreclosure available. (Article XIV (pages 19-20): "The Associat)

Reserves & fees

Up to $25.00 (Article XIV (page 19): "a late charge no)

Voting & meetings

Each Unit owner (or designated voting member) gets one vote per Unit. For Timeshare Estates: each Annual Timeshare Period = 1/52 vote; each Biennial Timeshare Period = 1/104 vote. (Article VIII (page 16): "Each Owner or g)

Amendments

Affirmative vote of at least 51% of total vote of members. All amendments recorded. Changes to size of parcel, common expense share, voting rights require joinder of affected owners and mortgagees. Changes affecting Institutional Mortgagees (Article XI (pages 17-18))

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