815 Lenox Condominium Association, Inc.

Key facts from 815 Lenox Condominium Association, Inc.'s documents

Community type

Condominium

Legal name

815 Lenox Condominium Association, Inc.

Developer / declarant

815 Lenox Corporation

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Section 1: 'in the manner provided in Ch)

Special assessments

Implied; may assess for reconstruction after casualty (Section 9.5) and for condemnation shortfalls (Section 12.5(d)) (Section 9.5(a): 'Assessments shall be ma)

Collections & liens

Association has lien on unit for unpaid assessments; lien terminates one year after recording claim of lien unless action to enforce commenced; lien subordinate to prior recorded mortgages; may foreclose like mortgage or sue for money judgm (Section 7.3)

Reserves & fees

Permitted but not mandated: 'including such reserves as may from time to time be established by the Association' (Section 7: 'including such reserves as m)

Leasing & rentals

Yes (Section 10.1(a): 'permitted occupants un)

Architectural approval

Yes, for structural additions/alterations to Unit (Board approval), and for alterations to Common Elements (majority of Unit Owners and Board approval) (Section 6.2(a)(1) and (2))

Home business

Prohibited (Section 10.1: 'no portion of such lands )

Maintenance

Association maintains and replaces roofs (Section 6.1(a)(1): 'The Association shal)

Insurance

Casualty insurance on buildings (including original fixtures, excluding personal property), liability insurance ($1,000,000 minimum per occurrence), flood insurance if applicable, and optional other coverages (Section 8.2)

Use restrictions

Yes (Section 10.1: 'The lands of the Condomin)

Voting & meetings

One vote per unit (Section 3.8(c): 'Each Unit will have one)

Amendments

Requires approval of (a) majority of Board and 66 2/3% of Unit Owners, or (b) 75% of all Unit Owners; no amendment can change Unit boundaries, shares, or discriminate without affected Unit Owners' joinder; changes to Insurance/Reconstructio (Section 14.1 and 14.4)

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