Princeton Place at Wiggins Bay Condominium Four

Key facts from Princeton Place at Wiggins Bay Condominium Four's documents

Community type

Condominium (§1.3: 'the name by which this condominiu)

Developer / declarant

DCA at Wiggins Bay, Inc. (Recital: 'DCA at Wiggins Bay, Inc., a Fl)

Governing law

Florida Condominium Act (Chapter 718 of Florida Statutes) (§1.2: 'in the manner provided by the Flo)

Assessments & dues

Not fixed; determined annually by Board per budget (§12: 'The Board of Directors shall from )

Special assessments

Definition: §2.27; powers in §11.1(b); procedures in §13.10 (§2.27: 'Special Assessment means any ass)

Collections & liens

Association has lien on each Condominium Parcel for unpaid assessments; lien recorded; foreclosure action within one year; notice of intention to foreclose required 30 days prior; attorney's fees and costs (§13.2, §13.3, §13.4)

Reserves & fees

Budget may include reserves; reserve funds may be used as Board determines and need not be restricted to replacements (§12) (§12: 'any reserve funds may be used as t)

Leasing & rentals

Not explicitly restricted; subject to amendment requiring 67% vote to regulate (§6.1(a)(11): 'Leasing of Units' is a sub)

Architectural approval

Yes, for additions, alterations, improvements by Unit Owners. Board of Directors and/or Architectural Control and Maintenance Standards Committee consent required. (§9.1: 'No Unit Owner shall make any addi)

Signs & flags

Developer may erect signs during sales period (§3.4(f)); otherwise not mentioned (§3.4(f): 'to erect on the Condominium Pr)

Maintenance

Not explicitly stated; presumably Common Element (Association) as part of building structure. (§7.2 'Common Elements' includes building structure.) (§7.2: Association maintains Common Eleme)

Insurance

Reasonable deductible provisions as determined by Board of Directors (§14.2(a): 'Such policies may contain rea)

Use restrictions

Not explicitly stated in extracted text

Voting & meetings

One vote per Unit (§5.2); Voting Interest distributed per Act and §5. (§5.2: 'Each Unit shall be entitled to on)

Amendments

By Association: Section 6.1. Material amendments require 67% of Voting Interests and approval of 51% of votes of Units subject to first mortgages. Non-material amendments: majority of Voting Interests at quorum meeting plus 66 2/3% of Board (§6.1, §6.2, §6.3, §6.4, §6.5)

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