Il Villagio Condm Twenty Four

Key facts from Il Villagio Condm Twenty Four's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1.3)

Legal name

Il Villagio Neighborhood V Condominium Association, Inc. (Section 2.4)

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) (Section 2.1)

Special assessments

May be levied; specific purpose set forth in written notice; funds used only for that purpose or returned. (Section 13.10)

Collections & liens

Association has lien on each Condominium Parcel for unpaid assessments; lien recorded, then may foreclose like a mortgage; 30 days notice required before foreclosure judgment. (Sections 13.2, 13.6)

Reserves & fees

Greater of $25.00 or 5% of each installment for each delinquent installment; plus interest at highest rate allowed by law. (Section 13.2)

Voting & meetings

Each Unit in the Condominium and all other unit owners in other condominiums operated by the Association shall be entitled to one vote; each Unit Owner may personally cast own vote. (Section 5.3)

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