Eight Fifty Central

Key facts from Eight Fifty Central's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and entire document)

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) (Section 2)

Assessments & dues

Board adopts annual budget; assessments based on budget; each owner pays 1/22nd share of common expenses. (Sections 10.2 and 10.4)

Special assessments

Board may levy special assessments for unusual, non-recurring or unbudgeted common expenses. (Section 10 (intro): "special assessments)

Collections & liens

Association may accelerate entire unpaid balance if assessment more than 30 days past due; Claim of Lien secures acceleration. (Section 10.9)

Reserves & fees

Reserve fund required by Condominium Act; Developer may waive reserves for first two years. (Section 10.3: "prior to turnover... Deve)

Maintenance

Roof is Common Element but Shared Facility; maintenance is a Shared Expense as per Declaration of Covenants. (Section 7.1 N)

Use restrictions

The Units shall be used only for residential purposes. (Section 5.2: "The Units shall be used on)

Voting & meetings

Each Unit has one vote; total voting interests denominator is 22. (Section 4.48: "Each Unit in the Condomin)

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