Business Park on the Palmetto Condominium Association, Inc.

Key facts from Business Park on the Palmetto Condominium Association, Inc.'s documents

Community type

Condominium (Article 1, Article 2)

Legal name

Business Park on the Palmetto Condominium Association, Inc. (Section 4.1.5)

Units / lots

29 (28 Building Units + 1 Land Unit) (Section 5.1, Section 4.1.26)

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) (Section 4.1.1)

Special assessments

Any Assessment other than Annual Assessment, levied by Board (e.g., for capital improvements >$25,000 requires majority unit owner approval; for insurance shortfalls, eminent domain, etc.). (Section 4.1.31, Section 13.2.2, Section )

Reserves & fees

Reserves required by Act or otherwise established by Association are included in Common Expenses. (Section 4.1.14(a))

Voting & meetings

Each Unit has voting rights in the same percentage as its percentage interest in Common Elements (Exhibit 3). Vote cast by person named in certificate filed with Association. (Section 12.2)

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