Veranda I at Arbor Lakes

Key facts from Veranda I at Arbor Lakes's documents

Reflects the 1998 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and Section 2)

Developer / declarant

U.S. Home Corporation (Preamble)

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) (Section 2, 4.23)

Assessments & dues

Guaranteed maximum: $507/quarter until 12/31/1998; $583/quarter until 12/31/1999; $670/quarter thereafter until turnover (Section 10.12)

Special assessments

Permitted for unusual, non-recurring or unbudgeted common expenses (Section 10)

Collections & liens

Association has lien on each condominium parcel for unpaid assessments; may foreclose (Sections 10.8, 10.9, 10.10)

Reserves & fees

Common expenses include amounts budgeted to fund reserve accounts (Section 10.1)

Pets

Yes, up to 2 small domesticated household pets (e.g., cat or dog) per unit (Section 12.3)

Leasing & rentals

Yes, but privilege; only entire unit may be leased (Section 13)

Parking & vehicles

Commercial trucks or vehicles primarily used for commercial purposes prohibited unless fully enclosed in garage; service vehicles temporarily present for business are exempt (Section 12.6)

Fences

Not specifically mentioned; any change to exterior must be approved (Section 11.5)

Architectural approval

Yes (Architectural Review Committee) for material alterations, additions, changes to exterior appearance; also Board approval required (Sections 11.5, 11.6)

Home business

Prohibited; no business, commercial activity or profession may be conducted from any unit (Section 12.1)

Maintenance

Not explicitly stated; Association responsible for exterior walls (including painting, waterproofing, caulking) – roof likely included as exterior surface (Section 11.1(H) (exterior building walls)

Insurance

Reasonable deductibles allowed; for property insurance, deductible paid by party liable or responsible for repairs (Section 15.7(D))

Use restrictions

Yes; each unit intended to be occupied as a residence by one family (Section 12.1)

Voting & meetings

Each unit collectively entitled to one vote; total voting interests = 36 (Section 4.22)

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