Park East Professional Centre

Key facts from Park East Professional Centre's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1, 2)

Units / lots

Not explicitly stated; includes seven detached buildings with one or more suites/units each. Units can be subdivided; minimum 500 sq ft each. (Section 5.2 (7 buildings), Section 5.6 ()

Governing law

Florida Condominium Act, Chapter 718, Florida Statutes (Section 4.1)

Assessments & dues

Developer guarantees assessments will not exceed $3.85 per square foot per year (exclusive of electricity and real estate taxes) during guarantee period (Section 10.13)

Special assessments

Permitted for unusual, nonrecurring or unbudgeted common expenses (Section 10). Also for casualty repair if insurance insufficient (Section 15.2.2). No owner vote required for special assessments related to casualty under 15.2.2. (Section 10, Section 15.2.2)

Collections & liens

Association has lien for unpaid assessments. Lien perfected by recording Claim of Lien. Foreclosure allowed. Lien subordinate to first mortgage. (Sections 10.7-10.10)

Reserves & fees

Mentioned as amounts budgeted for reserve accounts; no specific requirements. (Section 10.1)

Leasing & rentals

Yes, with prior approval of Association (Section 13.2)

Parking & vehicles

Not explicitly restricted, but use of premises is for professional/commercial offices, so likely restricted by rules.

Architectural approval

Yes for alterations that substantially change perimeter boundaries or subdivide a Unit, for signs, for material alterations to common elements, and for changes to exterior appearance. Interior alterations not substantially changing boundari (Sections 5.6, 11.10, 12.3, 11.7)

Signs & flags

Exterior signs require written approval of Association and Developer (if Developer still owns a Unit). Specific standards: marquee letters 1/4" stud-mounted solid aluminum routed, painted enamel green, Century Bold font, max 9 inches t (Sections 12.3, 12.3.1, 12.3.2, 12.7)

Maintenance

Association (Section 11.1.1)

Insurance

Association shall maintain property insurance (all-risk), flood insurance (NFIP), premises liability, workers' compensation, fidelity bond. (Section 14.3)

Use restrictions

False; use is commercial/professional office (Section 12.1) (Section 12.1)

Voting & meetings

Voting Interest equals percentage of undivided ownership in common elements as per Exhibit B-1; each Unit one vote proportional to share. (Section 4.19, Section 6.2.2)

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