Villas Two Development LLC

Key facts from Villas Two Development LLC's documents

Community type

Condominium (Title and Article 1.9)

Governing law

Condominium Act, Chapter 718, Florida Statutes (Preamble)

Assessments & dues

Regular Assessments levied according to annual budget; Special Assessments for unusual expenses (Section 1.33, 1.36)

Special assessments

Allowed for unusual, non-recurring, or unbudgeted Common Expenses (Section 1.36)

Collections & liens

Association has a lien on each Condominium Parcel for unpaid assessments; perfected by recording Claim of Lien; foreclosure allowed; lien subordinate to recorded first mortgages (Section 10.8, 10.9, 10.10)

Reserves & fees

Required by Amended Act; included in Common Expenses (Section 1.17 (Common Expenses includes r)

Pets

Yes, as a privilege; household pets (dogs, cats, and others permitted by Association) in reasonable numbers; also tropical fish and caged birds (Section 12.2)

Leasing & rentals

Yes, only entire Unit, in writing (Article 13 preamble)

Parking & vehicles

Not explicitly addressed; vehicles may not be parked anywhere except garage or Driveway; private road may have designated parking (Section 12.4(d)) (Section 12.4(b), 12.4(d)(iii))

Fences

Not specifically addressed; no buildings in LCE Yard (Section 8.2), fences would likely require approval (Section 8.2, 11.4)

Architectural approval

Approval of the other Owner required for material alterations or substantial additions; interior alterations not affecting structure or exterior may be done without approval (Section 11.4(a), (b))

Home business

Prohibited, but incidental personal/professional use allowed (Section 12.1)

Maintenance

Association has no maintenance responsibility except for Shared Facilities serving both units or community as per Easement Agreement; Owner responsible for Unit, LCE Yard, Driveway, all improvements, utility lines serving only that Unit (Section 11.1, 11.2)

Insurance

Association has easement for insurable interest in Residential Building; details of master policy not provided (Section 7.1(f))

Use restrictions

Each Unit shall be occupied only by one Family, as a residence; no business, commercial activity, or public lodging (Section 12.1)

Voting & meetings

Each Unit is entitled to one vote; Association may not vote its own units (Section 9.4)

Amendments

Not fully provided in excerpt; referenced in Section 9.13 (written agreement allowed) and subject to Amended Act; consent of Villas Association required for Section 12.8 (Section 9.13, 12.8)

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