Vanderbilt Bay

Key facts from Vanderbilt Bay's documents

Reflects the 2010 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1: "The name of this Condominium)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Section 4 definitions reference "the Con)

Assessments & dues

By the Board of Directors through adoption of an annual budget (Regular Assessments) and by vote for Special Assessments requiring Owner approval if over $25,000. (Sections 10 (intro) and 11.6 (material a)

Special assessments

Allowed for unusual, nonrecurring or unbudgeted Common Expenses. (Section 10: "Special Assessments for unu)

Collections & liens

Association has a lien on each Condominium Parcel securing unpaid Assessments, interest, and costs. Lien relates back to original Declaration but as to first mortgages it is effective upon recording a Claim of Lien. Foreclosure action may b (Sections 10.8, 10.9, 10.10)

Reserves & fees

Indirectly mentioned; budget may include amounts for reserve accounts. (Section 10.1: "amounts budgeted for the )

Leasing & rentals

Yes, with prior written approval of the Board. (Section 13: "All leases of Units must be)

Architectural approval

Yes, Board approval required for any structural or material alterations, changes to exterior appearance, installation of window coverings visible from outside, hurricane shutters, and combining units. (Sections 11.4, 11.5, 11.10, 11.11)

Home business

Prohibited; no business or commercial activity in or from any Unit. Incidental personal/professional use allowed. (Section 12.1: "No business or commercial)

Insurance

Not specifically required, but Unit owners are advised to obtain insurance for their personal property and improvements. (Section 15.3: "Optional Coverage: Unit o)

Use restrictions

Yes, each Unit shall be occupied by only one Family as a residence. (Section 12.1: "Each Unit shall be occupi)

Voting & meetings

One vote per Unit, total 36 Voting Interests (Section 4.18: "each Unit collectively ..)

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