11 11 East Residences Condominium Association, Inc.

Key facts from 11 11 East Residences Condominium Association, Inc.'s documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Developer / declarant

1664 LENOX, LLC, a Delaware limited liability company (Article I, page 6 of 120)

Governing law

Florida Condominium Act, Chapter 718, Florida Statutes (Section 1.2 and Section 2.1)

Assessments & dues

Board prepares budget and determines assessments in accordance with Declaration and By-Laws (Article X)

Special assessments

Allowed; if exceeds $50,000 in aggregate or causes total assessments to exceed 115% of previous year, Board must obtain approval of all Units represented at meeting with quorum (Section 11.2(c))

Collections & liens

Association has a lien on each Condominium Parcel for unpaid Assessments and Charges; may record claim of lien and foreclose like a mortgage; lien relates back to recording of Declaration (Section 11.3(b) and 11.4)

Reserves & fees

Maximum of $25 or 5% of each delinquent Assessment payment, whichever is greater, or highest allowed by law (Section 11.3(a))

Leasing & rentals

Section 16.7 addresses leases (specifics not provided) (Section 16.7 (table of contents))

Use restrictions

Section 16.5 prohibits nuisances (Section 16.5 (table of contents))

Voting & meetings

Each Unit entitled to one (1) vote cast by its Owner (Section 5.2)

Amendments

Generally requires unanimous affirmative vote of all voting interests of Unit Owners; notice of subject matter must be included in meeting notice (Section 6.1)

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