Mystic Greens III at Lely Resort

Key facts from Mystic Greens III at Lely Resort's documents

Reflects the 1997 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 2.3 - name MYSTIC GREENS III AT )

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) (Section 3.1: 'Act' means the Condominium)

Assessments & dues

Board of Directors prepares annual budget and determines assessments; allocated based on unit fraction (1/8 if only initial phases, 1/60 if all phases) (Section 14 (budget preparation) and Sect)

Collections & liens

Association has lien on each Condominium Parcel for unpaid assessments; foreclosure like mortgage; 30 days notice required before judgment (Section 15.2 (lien) and Section 15.4 (no)

Reserves & fees

$2.00 per day up to a maximum of $20.00 for sums not paid within 10 days of due date (Section 15.2: "late charge of $2.00 per )

Architectural approval

Yes, prior written consent of Board of Directors required for any addition, alteration or improvement in or to Common Elements, Unit, or Limited Common Element (including awnings, hurricane shutters, hot tubs, trellises) (Section 11.1: "No Unit Owner shall make )

Insurance

Each Unit Owner must obtain and maintain individual casualty and general liability policies for property within their Unit and personal liability (Section 16.5: "Each Unit Owner shall obt)

Use restrictions

Yes, Units are intended for residential uses (Section 3.21: "Residential Unit means a )

Voting & meetings

Each Unit entitled to one (1) vote (Section 7: "Each Unit shall be entitled )

Amendments

Except as otherwise provided, amendments require affirmative vote of Unit Owners in excess of 50% of Units and not less than 66-2/3% of Board, OR Unit Owners in excess of 66-2/3% of Units. Developer may amend during control period to correc (Section 8.1 and 8.2)

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