The Bimini V at Tarpon Cove

Key facts from The Bimini V at Tarpon Cove's documents

Reflects the 1999 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

The Bimini V at Tarpon Cove Condominium Association, Inc.

Developer / declarant

WCI Communities, Inc. (preamble)

Governing law

Florida Statutes Chapter 718 (Section 4)

Special assessments

Allowed for reconstruction if insurance insufficient (without owner vote); also 67% vote for special assessment in 'very substantial' damage scenario (Section 11.2.2, 11.2.3.1.2)

Reserves & fees

$100 per unit to Tarpon Cove Community Association; Association may impose up to $100 transfer fee (Section 13.1, 13.2.1)

Pets

As regulated in Rules and Regulations; tenants and guests not permitted pets (Section 12.7)

Leasing & rentals

Only entire units may be leased; minimum lease period 30 days (Section 13.1.2)

Parking & vehicles

Each unit has exclusive use of its garage; allocations initially by Developer (Section 12.5, 12.6)

Architectural approval

Prior written approval of Board required for alterations to common elements; also for certain flooring modifications (Section 6.5, 6.3.3)

Maintenance

Not explicitly allocated; exterior building walls (including painting, waterproofing, caulking) are Association responsibility (Section 6.1.8)

Insurance

Property: replacement cost for buildings, all risk (fire, extended, windstorm, vandalism, malicious mischief). Flood optional. Liability, auto, workers comp, fidelity, D&O (Section 10.2)

Use restrictions

Use and occupancy restricted to one family per unit (Section 12.3)

Voting & meetings

Voting interest distributed pursuant to F.S. 718.104(4)(i); common element share equal (1/16 each) (Section 4.29, 7.1)

Amendments

Proposed by Board or 25% of voting interests; passed by 67% vote; recorded; Board can adopt corrective amendments; Developer retains unilateral amendment right until turnover for certain purposes (Section 15)

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