The Palms of Islamorada Condominium Association, Inc.

Key facts from The Palms of Islamorada Condominium Association, Inc.'s documents

Community type

condominium (Throughout document, e.g., Article 1: 's)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Article 2.9: 'Condominium Act - means Ch)

Assessments & dues

Not fixed; determined by budget (Article 12.1: 'power to fix and determin)

Special assessments

Allowed for unbudgeted or insufficiently budgeted common expenses (Article 2.18: 'Special Assessment - mean)

Collections & liens

Association has lien on condominium parcel and personal property for unpaid assessments; may foreclose like mortgage (Articles 12.5 and 12.6: 'The Association)

Reserves & fees

Processing fee as prescribed by the Board (Article 19.1.1: 'a processing fee as may)

Pets

Yes, subject to rules (Article 21.6 'Pets') (Table of Contents: '21.6 Pets')

Leasing & rentals

Yes, with prior written approval of Association (Article 19.3: 'No Unit Owner shall lease)

Architectural approval

For sales, 15 days; for leases, 7 days; for ARC (alterations) not specified but Board discretion (Articles 19.1.1 and 19.3.1)

Signs & flags

Regulated (Article 21.11) (Table of Contents: '21.11 Signs')

Use restrictions

Each Unit to be used as a single family residence (Article 2.20: 'Unit - means a part of th)

Voting & meetings

One vote per Unit; if multiple owners, one designated voting member; if one entity owns multiple units, that entity has one vote per unit (Article 15.2: 'There shall be one person)

Amendments

Amendments allowed; certain amendments require 75% vote of unit owners for material alteration of common elements (Article 4.7); amendments regarding alteration of units and other provisions in Article 25 (Articles 4.7 and 25 (partially extracted)

Amenities

Swimming pool, sundeck area, parking areas, walkways, lighting, signs, fencing (Article 4: 'a swimming pool and sundeck )

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