826 Business Center Condominium Association, Inc.

Key facts from 826 Business Center Condominium Association, Inc.'s documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article I, Section 1.01: 'The name of th)

Governing law

Florida Condominium Act (Submission statement: 'pursuant to the r)

Assessments & dues

Common Expenses assessed against Unit Owners in proportion to their ownership interest in the Common Elements. (Section XX, Section 20.02: 'A Unit Owner)

Special assessments

May be levied to cover deficiency in insurance proceeds for restoration of Common Elements. (Section XIV, Section 14.06(5): 'levy a s)

Collections & liens

Association has a lien on each Condominium Parcel for unpaid assessments, interest, and reasonable attorneys’ fees. May foreclose like a mortgage. Also may recover money judgment. (Section XXI, Sections 21.04 and 21.05: ')

Reserves & fees

Not to exceed fifty dollars ($50.00) for credit report expenses. (Section XV, Section 15.09: 'shall not ex)

Leasing & rentals

Yes, leases allowed. No consent required. (Section XV, Section 15.17: 'No consent s)

Maintenance

Association responsible for maintenance and repair of Common Elements and Parking Spaces. Unit Owner responsible for his own Unit (implied). (Section XVIII, Section 18.12: 'Maintenan)

Insurance

If loss attributable to a particular Unit, that Unit Owner responsible for entire deductible. If loss cannot be attributed, all Unit Owners (or owners of damaged Units) bear deductible pro rata. (Section XIV, Section 14.17)

Voting & meetings

Each Unit Owner entitled to voting rights equal to his percentage undivided interest in the Common Elements. Vote of a Unit is not divisible. (Section V, Section 5.02: 'A Unit Owner i)

Amendments

Declaration may be amended by two-thirds of voting interests. While Developer controls Board, Board may amend by majority without unit owner consent for certain changes (not altering unit configuration, voting rights, common expenses propor (Section IX, Sections 9.01 and 9.02)

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