Villa Madrid I Condominium Association, Inc.

Key facts from Villa Madrid I Condominium Association, Inc.'s documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

VILLA MADRID I CONDOMINIUM ASSOCIATION, INC. (Section 2.3; Certificate of Amendment 20)

Governing law

Florida Condominium Act (Chapter 718 of the Florida Statutes) (Section 2.1)

Collections & liens

Association has lien on condominium parcel for unpaid assessments. Lien effective upon recording claim of lien. Association may foreclose like a mortgage; must give 30 days' notice before foreclosing. Receiver may be appointed to collect re (Sections 13.2, 13.3, 13.4)

Pets

Yes, but only one dog weighing ≤ 20 pounds, plus fish and small birds. No other pets. Pets may not be raised for commercial purposes. Must be kept in accordance with rules and regulations. (Section 17.3 (1983 amendment as shown? A)

Leasing & rentals

Yes, Unit Owners may lease their Units freely, subject to Declaration and occupancy restrictions. (Section 18 (first sentence))

Parking & vehicles

Each unit has a designated parking space as a limited common element. Detailed rules and regulations may be adopted by the Board (Section 11(g)). No specific restrictions on commercial vehicles, trailers, etc. in the provided text. (Section 3.3(b); Section 11(g))

Use restrictions

Each Unit shall be used as a residence only, except as expressly provided (Section 17.1 (2000 amendment))

Voting & meetings

Each Unit is entitled to one vote cast by its Owner (Section 5.2)

Amendments

Amendments may be proposed by majority of Board or by 1/3 of members. Approval requires affirmative vote of (a) 66-2/3% of units and majority of Board, or (b) 75% of units. Developer may amend to correct omissions/errors while it owns units (Section 6.1, 6.2)

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