Vacation Villas at Fantasyworld Two

Key facts from Vacation Villas at Fantasyworld Two's documents

Reflects the 1998 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Preamble: "submitted to the condominium )

Governing law

Chapter 718, Florida Statutes (1997) (Condominium Act); Chapter 721, Florida Statutes (1997) (Florida Vacation Plan and Timesharing Act); Section 721.05 definitions prevail in case of conflict (Section II: "definitions ... in Section )

Assessments & dues

Board of Directors has power to fix and determine sums necessary for common expenses; assessments are set as provided in the Bylaws and Declaration (Section XIV: "The Association, through i)

Special assessments

Allowed. Board may levy a special assessment to cover deficit in reconstruction funds after casualty. Also, any deficit in insurance proceeds for units committed to interval ownership is treated as part of maintenance fee next due. (Section XVI E: "the Board of Directors s)

Reserves & fees

$25.00 (or such other amount authorized by law) at sole discretion of Board (Section XIV: "a late charge of $25.00, o)

Use restrictions

Yes, residential units shall be used as single-family private dwellings for owner, family, social guests, lessees, licensees, invitees. (Section XVII A: "The Owner of a resident)

Amendments

May be amended at a regular or special meeting with affirmative vote of at least 51% of voting members present at a meeting where a quorum is established. Certain amendments require joinder of record owners, mortgagee approval, or Developer (Section XI: "with the affirmative vote o)

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