Bayview Condominium at North Bay Village Association, Inc.

Key facts from Bayview Condominium at North Bay Village Association, Inc.'s documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Throughout, e.g., Section 1 (submit to c)

Governing law

Chapter 718 of the Florida Statutes (the Condominium Act) (Section 1 (Purpose))

Assessments & dues

Monthly assessments guaranteed by Developer: Model A $363.39, Model B $329.32, Model C $292.98, Model D $224.84, Model E $281.62, Model F $372.47, Model G $277.08, Model H $224.84 (Section 7.4 (monthly assessments for Mod)

Collections & liens

Association has a lien against each condominium parcel for unpaid assessments. Lien terminates one year after recording a Claim of Lien unless suit commenced. Lien subordinate to mortgages recorded prior. Foreclosure like mortgage on real p (Section 7.3 (Association shall have a li)

Reserves & fees

Greater of $25.00 or 5% of the assessment for each delinquent installment (Section 7.2 (late charge equal to the gr)

Leasing & rentals

Yes, occupancy by lessee or sublessee is permitted (Section 10.1(a) (permitted occupants und)

Architectural approval

Yes, for structural additions, alterations, or improvements to Unit; also for alterations to Limited Common Elements or changes to exterior or unit abutments to Common Elements. Unit owners must obtain written consent of Board of Administra (Section 6.2(b)(1) (No Unit Owner shall m)

Use restrictions

Yes; lands and improvements shall be for residential use only; no business or commercial use except incidental to condominium operation (Section 10.1 (The lands of the Condomini)

Voting & meetings

Each Unit is entitled to one vote (Section 3.8(c) (each Unit will have one )

Amendments

Boundary alterations between Units and between Units and Common Elements may be done by Developer and Association with approval of majority of total voting interest per Section 718.110(4) F.S., and if necessary, approval of Institutional Mo (Section 6.2(a) (with the joinder of all )

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