Swiss Chalet Townhouses Condominium Association, Inc.

Key facts from Swiss Chalet Townhouses Condominium Association, Inc.'s documents

Reflects the 1975 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Passim)

Developer / declarant

BEST MANORS, INC., a Florida corporation (Offering Circular Item 10; Declaration p)

Governing law

Florida Condominium Act, Chapter 711, Florida Statutes (Article II, G; Article XII; throughout)

Assessments & dues

Not fixed; determined annually by Board of Directors; first assessment determined by Board (Article IX, C)

Special assessments

Allowed for emergencies with Board approval; for deficiencies after insurance proceeds insufficient (Article IX, E; Article X, H, 2, (5)(e); )

Collections & liens

Association has lien for unpaid assessments; may foreclose (Article IX, J, K, 2)

Reserves & fees

Adequate reserve fund for replacement of common elements, funded by regular monthly payments, not special assessments (Article IX, G)

Pets

Yes, no restrictions as to pets (Offering Circular Item 6: "There are no )

Leasing & rentals

Yes, with approval; minimum lease term of 3 months; lessee must be approved by Association (Article XIII, A, 2)

Parking & vehicles

Each unit owner has exclusive right to one parking space as assigned at closing (Article V, B (limited common elements))

Architectural approval

Yes, for alterations affecting common elements or safety: unanimous approval of all unit owners and Board approval. For building alterations/improvements: 75% of owners and 75% of Board approval; structural changes require written consent o (Article VII; Article VIII, F)

Maintenance

Association

Use restrictions

Condominium property used for residence purposes only (Article XI, A)

Voting & meetings

One vote per unit owned (Article X, F)

Amendments

Proposed by Board or unit owners; approved by all Board members and not less than 75% of unit owners; recorded; copy to institutional mortgagee holding highest outstanding mortgage indebtedness prior to recording

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