Biscayne Point Condominium Association, Inc.

Key facts from Biscayne Point 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 (Section 1.3: name of condominium is BISC)

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) (Section 2.1: Act means the Florida Condo)

Assessments & dues

Not fixed; Board sets annually based on budget (Section 12: Board shall prepare a budget)

Special assessments

Allowed for nonrecurring costs and capital improvements; if aggregate exceeds $50,000 or causes total assessments to exceed 115% of prior year, must be approved by majority of Units at a quorate meeting (Section 13.2: Special Assessments and Ca)

Collections & liens

Association has lien on each Condominium Parcel; effective from recording of Declaration except for first mortgages; foreclosure in manner of mortgage; attorneys' fees recoverable; 30-day notice of intent to foreclose required (Section 13.3-13.4: lien, foreclosure, no)

Reserves & fees

Required by Act; Board may establish reserves for Common Expenses (Section 2.11: Common Expenses include al)

Architectural approval

Board must answer in writing within 30 days of receiving written request and all requested information; failure to respond within 30 days deemed consent (Section 9.1: Board shall answer within t)

Voting & meetings

Each Unit entitled to one vote cast by its owner (Section 5.2: Each Unit shall be entitled)

Amendments

Generally requires 67% or more of voting interests of all Unit Owners; Developer may amend alone during control period except for material amendments and timeshare; Material Amendments require joinder of affected owners and mortgagees; mort (Sections 6.1, 6.2, 6.4, 6.5)

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