Vanderbilt Yacht & Racquet Club Condominium

Key facts from Vanderbilt Yacht & Racquet Club Condominium's documents

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

Community type

Condominium (Section 1: Submission Statement)

Governing law

Florida Condominium Act (Section 1: "pursuant to the Florida Cond)

Assessments & dues

By the Board of Directors via annual budget; assessments are each unit's share of common expenses (1/44th) (Section 6.1 and Section 12.1, 12.2)

Special assessments

Allowed for unusual, nonrecurring, or unbudgeted common expenses; requires Board action, but for alterations over $30,000 requires 2/3 vote of voting interests present (Section 12 (first paragraph) and Section)

Collections & liens

Association has a lien on each condominium parcel for unpaid assessments; perfected by recording Claim of Lien; may foreclose in manner provided by Condominium Act; also may sue for money judgment (Sections 12.8, 12.9, 12.10, 12.11)

Reserves & fees

Common expenses include amounts budgeted for reserve accounts (Section 12.1: "amounts budgeted for the )

Pets

Only tropical fish are permitted (Section 10.6)

Leasing & rentals

Yes, but with Board approval and restrictions (Section 13)

Fences

Not explicitly for units; balconies cannot be enclosed without prior Board approval (exception for approved basic plan for screening/enclosing balconies under Section 9.11) (Sections 8.1(E), 9.11)

Architectural approval

Yes, for material alterations, substantial additions, or any change to exterior appearance; prior written approval of Board of Directors required (Section 9.5)

Home business

Prohibited, except personal/professional library, records, telephone calls, email, web services, written correspondence are allowed as customarily incident to residential use (Section 10.1)

Maintenance

Association maintains common elements; owner maintains unit and certain limited common elements (e.g., main entrance door, interior electrical/plumbing, appliances, A/C equipment, carpeting, interior walls, etc.) (Sections 9.1 and 9.2)

Use restrictions

Units shall be occupied only by one family at a time as a residence and for no other purpose; no business or commercial activity (Section 10.1)

Voting & meetings

One vote per unit; total 44 voting interests (Section 4.18)

Amendments

For Declaration: requires at least two-thirds of voting interests present and voting (per Certificate); for material alterations to common elements over $30,000: at least two-thirds of voting interests present and voting (Certificate (1st resolution) and Section)

Amenities

Boat docks (Sovereignty Submerged Lands Lease; use by unit owners subject to fees/regulations), cabanas, covered parking, garages (Section 9.7, Section 8.1)

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