Artchips Condominium Association, Inc.

Key facts from Artchips Condominium Association, Inc.'s documents

Community type

Condominium (Throughout document (e.g., 'Condominium )

Units / lots

Not explicitly stated, but one building with multiple units (Reference to 'one Building which contain)

Governing law

Florida Condominium Act (References to 'the Act' and specific sec)

Assessments & dues

Determined annually by Board based on budget (Section 12: 'prepare a budget... determi)

Special assessments

Permitted; defined as any assessment other than the annual budget assessment (Definition of 'Special Assessment' and S)

Collections & liens

Association has lien on each Condominium Parcel; may foreclose like a mortgage; notice required 20 days before foreclosure judgment (Section 13.2, 13.3)

Reserves & fees

Greater of $25 or 5% of delinquent installment (as allowed by law) (Section 13.2: 'charge an administrative )

Architectural approval

Yes, Board consent required for any addition, alteration, or improvement to Common Elements, Unit, or Limited Common Elements (Section 9: 'No Unit Owner shall make any)

Home business

Not explicitly prohibited in extracted text; commercial purposes referenced for easements, not for use (Easement provision: 'will not prevent or)

Insurance

Owners may obtain personal property and liability insurance at own expense; not required by association (Section 14.1(f) and 14.7)

Use restrictions

Commercial purposes mentioned; Units for exclusive ownership; no time-share estates (Definition of 'Unit' and 'Unit Owner'; S)

Voting & meetings

Each Unit entitled to one vote (Section 5.2: 'Each Unit shall be entitle)

Amendments

By Association: 75% of voting interests (affirmative vote) after notice; Developer alone during control period; material amendments require record owner and mortgagee joinder; mortgagee consent for certain sections. (Section 6.1, 6.2, 6.3)

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