Villas at Tara Cond

Key facts from Villas at Tara Cond's documents

Community type

Condominium (Title and Section 1)

Legal name

VILLAS AT TARA CONDOMINIUM ASSOCIATION, INC. (Section 4.4)

Governing law

Chapter 718, Florida Statutes (Section 718.104(4)(e) referenced in amen)

Assessments & dues

Guaranteed not to exceed $1,320/year ($330/quarter) until Dec 31, 1992; then $1,520/year ($380/quarter) until Dec 31, 1993; then $1,748/year ($437/quarter) until Dec 31, 1994 (Section 10.13)

Special assessments

Allowed; requires Board approval; if over $5,000 aggregate in a calendar year requires majority voting interest approval (for material alterations) (Section 11.6 (for alterations); Section )

Collections & liens

Association has lien on unit for unpaid assessments; perfected by recording Claim of Lien; subordinate to first mortgages recorded before claim; can foreclose; may also sue for money judgment (Sections 10.8, 10.9, 10.10)

Reserves & fees

Budget may include funding for reserves (implied by 'funding reserve accounts' in common expenses) (Section 10.1)

Leasing & rentals

Leasing is defined and presumed allowed; no specific restrictions in provided excerpt (Section 4.12 (definition))

Fences

Atrium privacy fence and gate are limited common elements; maintenance by Association; modifications require Board approval (Sections 8.1(F), 11.3(F))

Architectural approval

Yes, Board approval required for material modifications or alterations to unit or limited common elements or changes to exterior appearance (Section 11.5)

Home business

Not explicitly prohibited but likely restricted by residential nature and no commercial use mentioned

Signs & flags

Developer may erect signs for sales; otherwise subject to Board approval (architectural control) (Section 7.2(E) (Developer signs); Sectio)

Maintenance

Association (exterior surfaces of buildings including roof structure is common element) (Section 11.1(C))

Use restrictions

Implicit; units for single family use (definition of 'Family' restricts occupancy) (Section 4.8)

Voting & meetings

Each unit owner has membership; voting interests based on ownership share (1/32nd each); details in Bylaws (Section 6.2(B), 6.1)

Amendments

Developer reserves right to amend to comply with FS 718.104(4)(e) per Section 21.4 (not in full text); amendments recorded (Amendments reciting Section 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.