Veranda V at Heritage Bay

Key facts from Veranda V at Heritage Bay's documents

Community type

Condominium

Legal name

Veranda V at Heritage Bay Association, Inc.

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) (Section 4: Definitions, references to Co)

Assessments & dues

Each Unit Owner liable for a share of Common Expenses equal to their ownership share (1/48th) (Section 11.2: 'Share of Common Expenses')

Special assessments

Allowed for unusual, non-recurring, or un-budgeted Common Expenses (Section 11: 'special Assessments for unu)

Collections & liens

Association has lien on each Unit for unpaid Assessments; can foreclose in manner provided in Condominium Act (Sections 11.8 to 11.10)

Reserves & fees

Association may impose a late payment Charge in addition to interest (Section 11.6: 'The Association may also )

Pets

true, with restrictions (Section 13.3: 'No animals, reptiles, or )

Leasing & rentals

true (Section 14.2: 'A Unit Owner may lease hi)

Parking & vehicles

Each Unit entitled to exclusive use of one garage; uncovered spaces for use by owners, guests (Section 8.1C and D)

Architectural approval

Prior written approval of Board required for alterations or additions to Unit (Section 12.4: 'No alteration or addition)

Insurance

Association obtains property insurance on common elements and units (except improvements by owner) and liability (Section 16.2: 'The Association shall obt)

Use restrictions

true (Section 13.2: 'No commercial activity of)

Voting & meetings

Each Unit collectively is entitled to one (1) vote in Association matters (Section 4.31: 'Voting Interest' definiti)

Amendments

Proposal by Board or by member petition; recorded certificate after vote (Section 21.1-21.4)

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