Bella Luna Condominium Association, Inc.

Key facts from Bella Luna Condominium Association, Inc.'s documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

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

Units / lots

100 residential dwelling units (Prospectus page 6 of 208: 'the condomini)

Governing law

Florida Condominium Act – Chapter 718, Florida Statutes (Article II, Amended and Restated Article)

Assessments & dues

Estimated: Unit type A and B both $180.65 per unit/month (with reserves) during initial 6-month guarantee period. (Prospectus item 11 (page 9 of 208))

Special assessments

Allowed; can be assessed for extraordinary financial events (natural disaster not covered by insurance). (Prospectus item 11 (page 9 of 208) defin)

Collections & liens

Association has power to collect assessments and enforce lien via foreclosure of its lien for unpaid assessments. (Articles III.B.7: 'association... may pu)

Reserves & fees

Required; Developer does not intend to waive reserves. Developer may, however, cast all votes to waive or reduce reserves for first two fiscal years. (Prospectus item 10 (page 8 of 208): 'The)

Pets

Yes, subject to restrictions in Section XV paragraph D of Declaration. (Prospectus item 7: 'Section XV paragraph)

Leasing & rentals

Yes; units may be transferred subject to lease; Developer reserves right to rent unsold units. (Prospectus item 4 and clause 'UNITS MAY )

Signs & flags

Developer may erect advertising signs during sales period. Otherwise not specified. (Prospectus item 15: 'erect advertising s)

Setbacks / home size

Two-story buildings. (Prospectus: 'two (2) two-story condomini)

Maintenance

Association (part of common elements). (Roof is common element per typical condo)

Insurance

Hazard insurance covering all portions of Condominium Property outside units, interior as initially installed (of like kind and quality), and all portions required by Declaration. Excludes floors, walls, ceiling coverings, electrical fixtur (Articles III.B.9(b) and (c))

Use restrictions

Yes, implied by condominium nature and use restrictions against nuisances; restrictions in Section XV of Declaration. (Prospectus item 7: 'The Use Restrictions)

Voting & meetings

One vote per unit; exercised by unit owner or designated Primary Occupant if multiple owners. (Articles IV.D; Bylaws II.B)

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