Ficus Villas Condominium Association, Inc.

Key facts from Ficus Villas Condominium Association, Inc.'s documents

Community type

Condominium (Throughout document)

Governing law

Chapter 718, Florida Statutes (Florida Condominium Act) (Declaration section 2.1; Prospectus page)

Assessments & dues

Common Expenses apportioned based on total square footage of each residential Unit in uniform relationship to total square footage of all units (Prospectus section 1.8; Declaration sect)

Special assessments

Defined as any Assessment levied other than in adopted annual budget (Declaration section 2.28)

Reserves & fees

Required by Condominium Act; included in Common Expenses definition (Declaration section 2.10(d) (All reserve)

Pets

Yes, maximum 2 domesticated pets per Unit (Declaration section 5.6; Prospectus sect)

Leasing & rentals

Yes, Units may be leased only in accordance with Article 11 (Declaration section 5.7; Prospectus sect)

Use restrictions

Each Unit shall be used as a residence only (Declaration section 5.1; Prospectus sect)

Voting & meetings

One vote per Unit; multiple units owned entitle one vote each (Declaration section 4.4)

Amendments

Unanimous consent of Unit Owners and Institutional Lenders required to change undivided interest (section 4.3); changes to unit configuration require joinder of owner and lienholders (section 3.6); Developer may unilaterally amend to correc (Declaration sections 4.3, 3.6, 3.7, 3.5()

Amenities

Only a laundry room (318 sq ft) located in Building A, Ground Floor; no recreational facilities, club memberships, or recreational leases (Prospectus section 3)

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