821 Euclid Condominium Association, Inc.

Key facts from 821 Euclid Condominium Association, Inc.'s documents

Reflects the 1980 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

821 Euclid Condominium Association, Inc.

Developer / declarant

821 Euclid Corp.

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Article I, page 8; Article III, page 11)

Assessments & dues

Determined by Board of Directors; first assessment set by Board (Article XI C, page 15)

Special assessments

For emergencies, after Board approval; also for insurance deficiency (Article XII 10.e, page 20); levy against all unit owners in proportion to common elements share (Article XI F, page 16; Article XII, page)

Collections & liens

Unpaid assessment becomes lien after 30 days past due upon recording claim; may be foreclosed; Association may enforce by suit or foreclosure and recover costs, interest, attorney's fees (Article XI J, K, L, page 16)

Reserves & fees

Condominium dues shall include adequate reserve fund for periodic maintenance, repairs, and replacement of common elements (Article XI E, page 15)

Leasing & rentals

Sale, lease or transfer of units is not restricted or controlled (Summary, page 4)

Maintenance

Association (implied as common element) (Article VIII A 1, page 14 (common elemen)

Insurance

Fire and extended coverage, vandalism and malicious mischief insurance on insurable improvements and personal property owned by Association; amount equal to maximum insurable replacement value (Article XII G 1, page 17)

Voting & meetings

Each unit owner entitled to one vote per unit owned; one voting member per unit designated (Article VI, page 13)

Amendments

Declaration amendments require notice, resolution by Board and unit owners, approved by all directors and not less than 75% of members; copies to first mortgage holders 30 days prior to recording; written approval of mortgagees required bef (Article XIV A, pages 24-25)

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