Tb Spa Building Condominium Association, Inc.

Key facts from Tb Spa Building Condominium Association, Inc.'s documents

Reflects the 2012 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1.4, 1.5)

Governing law

Florida Condominium Act (Chapter 718 Florida Statutes) (Section 2.2)

Assessments & dues

Annual budget established by Board; assessments based on percentage shares (Exhibit F) (Section 11.1, 5.2)

Special assessments

Permitted for purposes set forth in Section 12.2 (including capital improvements, reserves, etc.) (Section 2.4.4, 12.2)

Collections & liens

Association may foreclose lien for unpaid assessments (Section 12.3, 12.4 Notice of Intention to Foreclose Lien) (Section 12.3, 12.4)

Reserves & fees

Required for Common Elements; included in budget (Common Expenses include reserves) (Section 2.19, 11.1)

Leasing & rentals

Implied by definition of Tenant (2.54) and Occupant; no explicit prohibition (Section 2.54)

Architectural approval

Yes, for additions, alterations or improvements by Unit Owner (Section 9) (Section 9.1, 9.2)

Home business

Units are Spa Unit and Cafe Unit, implying commercial use; no residential restriction stated (Section 3.1, definitions)

Maintenance

Roofing system is Common Element (Section 2.18.5); Association maintains (Section 2.18.5, 7.1)

Voting & meetings

Spa Unit: 3 votes; Cafe Unit: 1 vote (Section 5.4)

Amendments

Amendments require 80% of voting interests (Section 6.1.1); Material amendments require 100% (Section 6.1.2); Mortgagee consent required for certain amendments (6.3) (Sections 6.1.1, 6.1.2, 6.3)

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