Belvar Condominium Association, Inc.

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

Reflects the 1986 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Article 1 - submission to condominium fo)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Article 1)

Assessments & dues

Board determines Common Expenses, adopts annual budget, and establishes assessments based on budget (Article 9(a))

Special assessments

Yes, for damage caused by Owner's negligence/misuse (Article 9(f)); also roof maintenance is a specific common expense assessed to certain Units (Article 8(b)) (Article 9(f) and Article 8(b))

Collections & liens

Association has Assessment Lien on Units for unpaid assessments; recorded claim of lien; can foreclose; institutional lender acquiring title only liable for assessments after acquisition (Article 9(d)(3)) (Article 9(d))

Reserves & fees

Not mandatory; surplus after reconstruction may be retained as reserve by Board (Article 19(b)) (Article 19(b))

Voting & meetings

Total votes = 100; each Unit Owner votes a percentage equal to the undivided interest in Common Elements appurtenant to the Unit (Article 15(c))

Amendments

Declaration may be amended by affirmative vote of not less than majority of Owners; certain amendments require consent of affected Unit Owner and all record mortgagees; no amendment to convert to time share (Article 16(a)) (Article 16(a))

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