624 Palm Condominium Association, Inc.

Key facts from 624 Palm Condominium Association, Inc.'s documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Submission Statement, first paragraph)

Legal name

Palm Place Condominium

Developer / declarant

Island Restoration IV, LLC

Governing law

Chapter 718 of the Florida Statutes (Condominium Act) (Submission Statement, first paragraph)

Assessments & dues

$3,000 total for association per year; $375 per unit per quarter (Exhibit B: "TOTAL FOR CONDOMINIUM ASSOCI)

Special assessments

Allowed; Board may levy Special Assessments for unanticipated expenditures (Section 15.02: "Board shall have the pow)

Collections & liens

Association has lien on each Condominium Parcel for unpaid assessments; perfected by recording claim of lien; lien continues for one year unless enforcement action commenced; foreclosure as mortgage; money judgment also available (Section 16.05, 16.06, 16.07)

Reserves & fees

Not required; budget note 6: "Unit Owners are responsible for roof replacement and building painting ... Therefore, reserve accounts are not required." (Exhibit B, Notes to Budget, note 6)

Pets

Yes, but limited to cats, dogs, birds in cages kept inside Units, fish in tanks, and terrarium animals (Section 19(j): "Only cats, dogs, birds i)

Leasing & rentals

Yes; leasing of a Unit for profit is not considered a business for purposes of the commercial use restriction (Section 19(f): "The leasing of a Unit fo)

Fences

Fencing is permitted in Back Yards as part of improvements; no specific height or material restrictions stated (Section 11.02: "Such improvements may in)

Architectural approval

Not a formal ARC; but material alteration of exterior appearance (including color of siding and stucco) requires prior written consent of the other Unit Owner (Section 12.01: "A Unit Owner shall not a)

Home business

Allowed only if meets requirements of Holmes Beach City Code (Section 19(f): "No business shall be con)

Signs & flags

Developer may erect signs to advertise Units for sale; no other sign provision (Section 13.01(e): "erect signs and other)

Use restrictions

Yes; Section 19(f): "No Unit shall be used or occupied for any purpose other than as a single family residential dwelling." (Section 19(f))

Voting & meetings

One vote per unit, cast by Voting Representative (Section 20.02: "the Owner of each Condom)

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