330 Condos Condominium Association, Inc.

Key facts from 330 Condos Condominium Association, Inc.'s documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Section 1.3: '330 CONDOS, A CONDOMINIUM')

Legal name

330 CONDOS CONDOMINIUM ASSOCIATION, INC. (Section 2.5)

Governing law

Florida Condominium Act (Chapter 718) (Section 2.1)

Special assessments

May be levied by Board when budget insufficient or emergency; requires majority vote of Association membership at duly called meeting with quorum. Purpose must be set forth in writing. Funds used only for that purpose. Excess becomes common (Section 8.2)

Collections & liens

Association has a lien on each parcel securing assessments. Lien relates back to recording of declaration except as to first mortgages of record (then effective from recording of claim of lien). Claim of lien must state parcel description, (Sections 8.6, 8.7, 8.8)

Reserves & fees

Annual budget must include reserves for capital expenditures and deferred maintenance (e.g., roof replacement, building painting, pavement resurfacing) for items with replacement cost >$10,000. Computed based on estimated remaining useful l (Section 9.2(a))

Leasing & rentals

Units may only be leased in accordance with Article 11 (which includes requirements for Association approval, etc.). Each lease must specifically provide (or be deemed to provide) that tenant must comply with Declaration, By-laws, Rules and (Section 5.7)

Signs & flags

Unit Owner may display one portable, removable US flag in a respectful way. On Armed Forces Day, Memorial Day, Flag Day, Independence Day, Veterans Day, may display portable, removable official flags representing US Army, Navy, Air Force, M (Section 3.6(g))

Maintenance

Roof replacement is part of reserve items mentioned in Section 9.2(a) and is a common element; therefore Association responsible (implied). (Section 9.2(a) (roof replacement as rese)

Use restrictions

Each Unit shall be used as a residence only, except as otherwise expressly provided. (Section 5.1)

Voting & meetings

One voting interest per unit; each owner of a unit is entitled to one vote (if multiple owners, one designated vote via Voting Certificate); owner of multiple units gets one vote per unit. (Section 4.4)

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