Coronet 300 Conodminium Association Inc

Key facts from Coronet 300 Conodminium Association Inc's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Section 1.4)

Legal name

CORONET 300 CONDOMINIUM ASSOCIATION, INC. (Section 2.4)

Units / lots

40 (39 residential and 1 commercial) (Section 3.2)

Developer / declarant

LV SPIRITS, LLC, a Florida limited liability company (Preamble)

Governing law

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

Assessments & dues

Not set in this document; determined by Board (Section 12)

Special assessments

Special Assessments are nonrecurring charges, and Capital Improvement Assessments are for capital improvements. (Section 13.2(a) and (b))

Collections & liens

Association has a lien on each Condominium Parcel for unpaid assessments. Lien effective upon recording of Declaration, but as to first mortgagees effective from recording of claim of lien. Foreclosure may include acceleration. Notice of in (Sections 13.3, 13.4, 13.5)

Reserves & fees

Common Expenses include required reserves; Board determines budget. (Section 2.9 and Section 12)

Architectural approval

Yes, prior written consent of Board for additions, alterations, or improvements in/to Common Elements, Unit, or Limited Common Element. (Section 9.1)

Signs & flags

Bulk Buyer may erect signs and promotional material for sale/lease of Units. (Section 3.6(f))

Maintenance

Not explicitly assigned; likely Common Element (part of Building). (Document text)

Insurance

Reasonable deductible provisions as determined by Board. (Section 14.2(a))

Use restrictions

Each Unit shall be used as a residence only, except Unit 101 for business/professional/administrative office (Section 17.1)

Voting & meetings

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

Amendments

By Association: 75% vote of members and 75% of Board, or after turnover 80% vote of members. Bulk Buyer may amend during control period to correct errors or omissions, but not materially affect rights without consent. Amendments must be rec (Sections 6.1, 6.2, 6.3, 6.4)

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