Seychelles

Key facts from Seychelles's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1.3: 'the name by which this con)

Units / lots

16 (Phase I); up to 72 after all eight phases (Section 3.1: 'Phase I...two (2) Building)

Governing law

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

Assessments & dues

Assessments are shares of Common Expenses; Common Expenses defined broadly in Section 2.12 (Section 2.4, 2.12)

Special assessments

Not explicitly named; but additions/alterations to Common Elements costing over $100,000 in a calendar year require a vote of a majority of voting interests present (Section 8: 'capital additions, alteratio)

Collections & liens

Mentioned in context of extinguishment by foreclosure; unpaid share of Common Expenses or Assessments extinguished by foreclosure of a superior lien (Section 2.12(k): 'any unpaid share of Co)

Reserves & fees

Required; included in Common Expenses (Section 2.12(b): 'all reserves required )

Leasing & rentals

Not prohibited; Developer may engage in sales and leasing activity; no explicit restrictions on owner leasing (Section 3.4(g): 'to show the Units...to )

Parking & vehicles

Each Unit has a garage (Limited Common Element); driveways and garage doors are Limited Common Elements (Section 3.3(a): 'garage doors and garage)

Architectural approval

Yes; Board of Directors consent required for additions, alterations, improvements to Common Elements, structural changes, changes visible from other Units, installation of satellite dishes/antennae, etc. (Section 9.1: 'No Unit Owner shall make a)

Signs & flags

Developer may erect signs; Owners likely restricted (not explicitly stated in excerpt) (Section 3.4(g): 'erect on the Condominiu)

Maintenance

Association maintains exterior roofs of balconies, porches, etc., and below unfinished surface of structural floor (Section 7.3: 'Association shall maintain)

Use restrictions

Implied; use for 'dwelling purposes' (Section 3.4(g): 'reasonable use of the U)

Voting & meetings

One vote per Unit; detailed designation rules for multiple owners, corporations, partnerships, LLCs, husband/wife (Section 5.2)

Amendments

By Association: 67% affirmative vote; Material Amendments require Owner and mortgagee joinder; Developer may amend alone during control period; Additional Phases added by Developer alone (Sections 6.1, 6.2, 6.3, 6.4, 6.5)

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