Twin Lakes Condo #1

Key facts from Twin Lakes Condo #1's documents

Reflects the 1986 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1.1)

Units / lots

44 total units (Section 5.1)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Section 1)

Special assessments

Not explicitly defined, but assessments for reconstruction under Section 16.5 are collected from unit owners. General authority to assess for common expenses. (Sections 16.5, 17)

Collections & liens

Association has lien on each condominium parcel for unpaid assessments, interest, attorney's fees, and sums advanced for taxes or superior liens. Lien effective upon recording claim of lien. Lien subordinate to institutional mortgages recor (Section 17.4, 17.5)

Reserves & fees

Not specifically mentioned; only interest on late payments (Section 17.3)

Leasing & rentals

Yes, a unit owner may lease or rent a unit. (Section 12.1.3)

Architectural approval

Yes, for alterations to portions maintained by Association and for structural additions. Requires approval in writing of owners of all units in the building and Board of Directors. For common element alterations costing over $500 cumulative (Sections 11.1.3, 11.2.2)

Home business

Not explicitly prohibited, but use limited to residential, so likely not allowed. (Section 12.1.1)

Signs & flags

Not specifically addressed; covered by sign restriction. (Section 12.5)

Maintenance

Not explicitly stated, but roof is part of common elements (since unit boundaries exclude ceiling plane; roof above ceiling is common element). Association responsible for maintenance of all portions contributing to support of building (Sec (Sections 6.1.1, 11.1.1.1)

Insurance

Deductible amount under insurance policy shall be a common expense (Section 16.6). (Section 16.6)

Voting & meetings

One vote per unit (Section 14.7)

Amendments

Requires 75% of Board and 75% of membership, or 80% of membership alone. For errors not materially affecting property rights: 50% each, with Developer consent until units sold. No amendment discriminating without affected owners' consent. C (Section 20)

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