Brickell Place Condominium Association, Inc.

Key facts from Brickell Place Condominium Association, Inc.'s documents

Units / lots

467 (423 residential, 14 commercial, 30 storage) (Art. 7.A)

Developer / declarant

AMERICAN DESIGN & DEVELOPMENT CORP. SOUTHEAST, a Florida corporation (Preamble: first paragraph)

Governing law

Chapter 718 of the Florida Statutes (Condominium Act) (Preamble: "pursuant to Chapter 718 of th)

Assessments & dues

Board of Administration approves annual budgets; initial division into 12 equal monthly payments; special assessments allowed for deficits (Art. 21.A, 21.B)

Special assessments

Association may levy special assessments against Units in their respective percentages if a deficit develops in payment of Common Expenses (Art. 21.B)

Collections & liens

Association has lien on each Condominium Parcel for unpaid assessments and interest; subordinate to prior recorded mortgages; foreclosure like mortgage foreclosure (Art. 13.D, 13.E)

Reserves & fees

Board may include sums to establish reasonable reserves against future contingencies in each annual Assessment (Art. 21.C)

Leasing & rentals

Yes, with prior written approval of Board of Administration; only for periods of 30 days or more; lessees limited to not more than 2 persons per bedroom; no pets in leases under 6 months (Art. 22.C)

Voting & meetings

Each Unit is entitled to one vote; multiple owners of a Unit collectively one vote (Art. 7.C and Art. 20.C)

Amendments

By affirmative vote of more than 50% of Units at regular or special meeting; evidenced by certificate recorded in Dade County; certain changes require joinder of affected Unit Owner and lienholders; Developer may correct errors without appr (Art. 8.A, 8.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.