Bishopwood East

Key facts from Bishopwood East's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) (Section 2: "Act" means the Florida Condo)

Special assessments

Permitted; Board may levy if budget insufficient or in emergencies; specific purpose must be stated in notice; funds used only for that purpose (Section 12.4 (additional assessments) an)

Collections & liens

Association has lien on Unit for unpaid assessments, interest, costs, attorney's fees; may foreclose; 30-day notice required before foreclosure judgment; lien subordinate to prior mortgages except for tax advances (Sections 13.4, 13.5)

Leasing & rentals

Not prohibited; reference to lease proceeds being applied to delinquent assessments (Sec 13.7) and Developer may use Units as temporary accommodations without being considered leasing (Sec 3.17.6) (Section 13.7, Section 3.17.6)

Parking & vehicles

Each Unit entitled to one covered parking space assigned to the Unit; Developer may change location of parking areas (Section 3.16.2, Section 3.10)

Voting & meetings

One vote per Unit, regardless of number of Unit Owners (Section 5.2: "Each Unit shall be entitle)

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