The Old Cove

Key facts from The Old Cove's documents

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

Community type

Condominium (Section 2: 'name of this Condominium is )

Units / lots

114 (Main Structure: 106; Perimeter Units: 8) (Derived from Sections 4.30, 5.2, 7.1: Ma)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Section 4.1: 'Act or Condominium Act mea)

Assessments & dues

By Board adoption of annual budget; includes regular assessments and special assessments. (Section 11 (intro): 'Association has the)

Special assessments

Allowed for unusual, nonrecurring, or unbudgeted common expenses. (Section 11 (intro): 'special assessments)

Collections & liens

Association has lien for unpaid assessments, plus interest and fees; lien perfected by recording Claim of Lien. Also Lien for Charges. Foreclosure action allowed. (Sections 11.8-11.13)

Reserves & fees

Reserve accounts may be funded as part of budget. (Section 11.1: 'amounts budgeted for the )

Leasing & rentals

Yes, for Main Structure units; max lease term one year (Board may allow longer in discretion). (Section 13: 'No lease may be for a perio)

Architectural approval

Yes, for material alterations or substantial additions to unit or common elements, changes to exterior appearance. For Perimeter Units, alterations require Board approval. Changes in exterior color require majority of voting interests. (Sections 6.4, 6.3 B, 6.5)

Use restrictions

Not exclusively; Main Structure units can be used as condo-hotel, residence, or business. Perimeter units as retail, marina, restaurants, etc. (Section 12.1: 'Main Structure Units shal)

Voting & meetings

Based on ownership percentages per unit; 66% of voting interests present required for certain decisions; majority of voting interests for litigation and real property acquisition. (Sections 6.5, 10.8, 10.12, 7.1)

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