Palms of Manasota Villas Cond

Key facts from Palms of Manasota Villas Cond's documents

Community type

Condominium (Article 2)

Legal name

Palms of Manasota Villas Association, Inc. (Article 3.02)

Units / lots

44 (maximum, with 7 phases) (Article 8: 'bring the total number of un)

Governing law

Florida Condominium Act, Chapter 718 (Article 3.09)

Age restriction

Yes. At least one occupant 55+, no one under 18; grandfathering, exemptions, and post-qualifying occupancy provisions (Article 18.15 (added by Certificate of A)

Assessments & dues

Board estimates Common Expenses and establishes Regular Assessments payable monthly in advance (Article 11.01 and 11.06)

Special assessments

Supplementary Assessments and Improvement Assessments allowed (Article 3.01(b)(c), 11.01, 11.03)

Collections & liens

Association has lien for unpaid assessments; can foreclose like mortgage (Article 11.08)

Reserves & fees

Board may establish contingency reserves for replacements, repairs, operating deficits (Article 11.05)

Leasing & rentals

Yes, subject to Association approval (Article 16) (Article 16 (Transfer of Units) and Artic)

Architectural approval

Material alterations to Common Elements or Limited Common Elements require prior written consent of Association (Article 10.06(a))

Maintenance

Association maintains roof (Article 10.03(d))

Voting & meetings

Each Unit Owner is entitled to one vote (Article 12.02)

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