Sunset Cay Lakes Condominium 1500

Key facts from Sunset Cay Lakes Condominium 1500's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and Section 1)

Developer / declarant

Sunset Cay Lakes Development, Inc., a Florida corporation (Preamble)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Preamble and Section 3)

Assessments & dues

Developer guaranteed that monthly assessment shall not exceed $248.50 (June 2002-May 2003) and $273.00 (June 2003-May 2004) (Section 9.1)

Special assessments

Board may levy additional assessments if needed (Section 19.3)

Collections & liens

Association has lien on each Unit for assessments, interest, and costs; may foreclose; lien subordinate to first mortgages but superior to others (Sections 19.10, 19.11)

Reserves & fees

Required unless waived by Unit owners as provided by law (Section 19.4)

Pets

Yes, up to two dogs, cats, or common household pets (Section 17.6)

Leasing & rentals

Yes, owners may rent or lease entire Units (Section 17.3)

Parking & vehicles

Commercial vehicles, boats, and boat trailers only in areas designated by Master Association (Section 17.13)

Architectural approval

Yes, for alterations to Unit or Limited Common Elements affecting structure or exterior; Board approval required (Section 21.1)

Home business

Not allowed (residential purposes only, no other purpose) (Section 17.1)

Maintenance

Association (part of Common Elements – building exterior, roof) (Section 7.2 (Common Elements includes ro)

Insurance

Association obtains insurance for buildings, insurable improvements, personal property of Association, public liability, workers' compensation, flood if required, fidelity (Section 15.3)

Use restrictions

Yes, for residential purposes; resort/vacation/seasonal use or residence only (Section 17.1)

Voting & meetings

One vote per Unit (Section 10)

Amendments

Generally requires 80% of total voting interest; certain amendments require joinder of affected owners, lienholders, or mortgagees; Developer may unilaterally amend for corrections (13.8); 51% for certain error corrections (13.7) (Article 13)

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