Bayside Condominium (FL)

Key facts from Bayside Condominium (FL)'s documents

Reflects the 1982 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

175 (Article IV)

Developer / declarant

Bayside at Sandestin, a joint venture of Bello B.V. and Bayside at Sandestin, Inc. (Opening paragraph)

Governing law

Chapter 718, Florida Statutes, 1983, as amended (Article I)

Assessments & dues

Not fixed; based on annual budget adopted by Board (Article XIX A and C)

Special assessments

Board may levy additional assessments if budget insufficient or emergencies (Article XIX C)

Collections & liens

Association has lien on each Unit subordinate to prior mortgages; may foreclose (Article XIX J and K)

Reserves & fees

Board shall include a sum for reserve fund for capital expenditures, deferred maintenance, replacement (Article XIX D)

Leasing & rentals

Mandatory rental through Hotel Management Firm as transient hotel accommodations (Article XVI A and B)

Parking & vehicles

Parking areas are Common Elements; non-exclusive parking easement over area described in Exhibit G (Article V B(6) and Article VI D(3))

Architectural approval

Alterations affecting structural or exterior require approval of owners of 95% of Common Elements; Common Element alterations require 95% approval; Developer has reserved rights (Article XXI B)

Home business

Not allowed (units are transient hotel accommodations only) (Article XVI A)

Setbacks / home size

Eight stories (Article IV A)

Maintenance

Unit owner maintains unit, furniture, furnishings; Association maintains Common Elements and washes windows; Limited Common Elements (balconies, AC) maintained by unit owner (Article XII A, B, C)

Insurance

Casualty insurance on buildings and improvements including units; comprehensive general liability $1M personal/$500K property + $50M umbrella; flood, workers comp, D&O (Article XIV B)

Use restrictions

Units must be used as transient hotel guest accommodations; no permanent residential use (Article XVI A)

Voting & meetings

One vote per Unit (Article VIII)

Amendments

Proposed by Board or 1/3 of owners; adopted by 80% of units; Developer may amend for surveyor certificates or while owning >25% of Common Elements for lender requirements (Article XI)

Amenities

Common Elements include: parking areas, roadways, linen facilities, storage areas, elevators, stairways, hallways; boardwalk easement (Exhibit H); bulkhead; riparian rights (Article V B(7), (9), (10); Article XVII )

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