Fairways at Seascape Condominium

Key facts from Fairways at Seascape Condominium's documents

Community type

condominium (Section 1.01)

Legal name

Fairways At Seascape, A Condominium

Developer / declarant

Great American Development Corporation, a Georgia corporation, and Hycone, Inc., a Tennessee corporation (Page 3, Recitals)

Governing law

Florida Condominium Act, Chapter 718, Florida Statutes (Page 3, Recitals)

Assessments & dues

Association has power to fix and determine assessments from time to time (Section 11.01)

Collections & liens

Association has a lien on the Parcel for unpaid assessments, subordinate to prior recorded bona fide liens held by Institutional Mortgagees. Foreclosure may occur in same manner as mortgage liens. Association may bid at foreclosure sale. (Section 11.03, By-Laws 11.1)

Reserves & fees

Association shall establish a Reserve Fund Account for capital improvements or repairs or replacements of major components as required by the Act. (Section 17.01)

Pets

Pets may be kept upon terms and conditions established by Association, provided no nuisance. No exotic pets or domesticated wild animals permitted. (Section 16.02)

Leasing & rentals

Yes, but leases for more than one year require Association approval; lessees must acknowledge in writing agreement to be bound. (Section 15.01(d))

Parking & vehicles

Parking areas not designated as Limited Common Elements are Common Elements. Association grants use of parking spaces to Members. (Section 7.01(c), Section 6.03)

Architectural approval

Structural alterations require consent of Association and any Institutional First Mortgagee. Alterations to Limited Common Elements require prior written consent of Association. Color scheme determined by Association; no owner may paint ext (Section 13.02(b)(c), Section 13.06)

Maintenance

Roofs are part of Common Elements (Section 7.01(b)), thus Association responsible (Section 7.01(b), Section 13.07)

Insurance

Comprehensive public liability (min $500k/person, $1M/occurrence, $50k property damage); fire, windstorm, extended coverage including vandalism on all insurable condominium property (excluding foundation, walks, drives, exterior parking, sp (Section 14.01, 14.02(a), 14.06)

Voting & meetings

Each Unit Owner owns an undivided interest in Common Elements (Exhibit C). Voting Members are designated by Owners of a majority interest in a Unit. If owned by entireties, either spouse may vote unless they disagree, then neither votes. (Section 3.22, Section 8.01)

Amendments

Declaration may be amended by affirmative vote of not less than two-thirds (2/3) of Voting Members. Certain changes require consent of affected unit owners and mortgagees. Developer may amend unilaterally for unit alterations. (Section 5.02, 5.03)

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