Lydia Ct Riverside Condm

Key facts from Lydia Ct Riverside Condm's documents

Reflects the 2013 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article I: submission to condominium own)

Units / lots

6 (Phase 1) (Article IV: four buildings containing si)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Article I)

Assessments & dues

To be determined annually by Board based on budget (Article XVI.C: Board establishes annual )

Special assessments

Board may levy special assessments when needed; purpose must be stated in writing (Article XVI.C: special assessment provis)

Collections & liens

Association has lien for assessments; may record claim of lien; foreclosure permitted (Article XVI.J, K, L: Lien for assessment)

Reserves & fees

Required in annual budget for capital expenditures and deferred maintenance; owners may vote to waive or reduce by majority (Article XVI.D: Reserve fund)

Pets

Association may adopt regulations limiting number, size, and species of pets (Article XIV.E: regulations may include l)

Leasing & rentals

Yes, with conditions (Article XIV.H)

Parking & vehicles

Association may control and prohibit parking on all or any part of roadways (Article VI.G (last paragraph))

Architectural approval

Not explicitly in declaration (Association may adopt regulations, but no standalone architectural committee mentioned; however, Article XVIII addresses alterations and improvements requiring Association approval) (Article XVIII: Alterations of and Improv)

Home business

Not expressly prohibited but limited to residential use; no further detail (Article XIV.A implies residential only)

Signs & flags

Developer may display signs to sell Units; no other sign rule in declaration (Article XIV.F: Developer may display sig)

Maintenance

Not explicitly stated, but roof likely part of Common Elements (exterior of building). Article V.A excludes interior spaces, and structural elements like roof are undercoated surfaces? (Article V.A: Unit excludes spaces beneat)

Insurance

May have reasonable deductible as determined by Board (Article XII.A: policies may contain reas)

Use restrictions

Each Unit shall be occupied only by a single family as a residence and for no other purposes (Article XIV.A)

Voting & meetings

One vote per Unit as member of Association (Article IX: each Unit has one Voting Int)

Amendments

Amendments by Association require 2/3 vote of Voting Interests; material amendments require joinder of affected owners and mortgagees; developer may amend during control period; certain amendments require mortgagee consent (51% of Eligible (Article X)

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