1410 Granvill Condominium Association, Inc.

Key facts from 1410 Granvill Condominium Association, Inc.'s documents

Community type

Condominium (Article I, Section 1.2)

Developer / declarant

Granvill Building JYS Corp, a Florida corporation (Opening paragraph of Declaration; Articl)

Governing law

Florida Condominium Act, Chapter 718, Florida Statutes (Article I, Section 1.2; Article II(a))

Assessments & dues

Board of Directors prepares a budget at least annually, determines assessments, and allocates among Unit Owners per Declaration and By-Laws (Article XII)

Collections & liens

Association has a lien on each Condominium Parcel for unpaid assessments; may foreclose like a mortgage; may also recover money judgment (Article XIII, Sections 13.2, 13.3, 13.5)

Architectural approval

Board must answer written request within 30 days after receipt of all additional information; failure to respond within that time constitutes consent (Article IX, Section 9.1)

Signs & flags

Developer has right to erect signs and promotional material for sale or lease of Units (Article III, Section 3.4(f))

Maintenance

Unit Owner responsible for all maintenance, repairs, replacements of Unit and Limited Common Elements (except as otherwise provided). Association responsible for Common Elements (except Limited Common Elements). (Article VII, Sections 7.1 and 7.2)

Insurance

Association must insure Buildings, fixtures, improvements on Common Elements for 100% replacement value (excluding foundations, excavation, and certain personal property of Unit Owners). Coverage includes fire, extended coverage, vandalism, (Article XIV, Sections 14.2(a)-(g))

Voting & meetings

Each Unit is entitled to one vote cast by its Owner (Article V, Section 5.2)

Amendments

Amendments approved by (a) Unit Owners owning >50% of Units and not less than 66 2/3% of Board, or (b) Unit Owners owning >66 2/3% of Units. Developer may amend prior to turnover to correct errors or make non-material changes with majority (Article VI, Sections 6.1, 6.2, 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.