Park Terrace Club of Naples

Key facts from Park Terrace Club of Naples's documents

Community type

condominium (Section 1: Submission to Condominium Own)

Governing law

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

Assessments & dues

By annual budget and special assessments as determined by Association. (Section 10: power to levy and collect As)

Special assessments

Yes, for unusual, nonrecurring or unbudgeted Common Expenses. (Section 10: Special Assessments for unus)

Collections & liens

Association has a lien on each Unit for unpaid Assessments, interest, attorney fees, costs. Lien effective from recording of original Declaration. Association may foreclose lien or obtain money judgment. (Sections 10.8-10.10)

Reserves & fees

Common Expenses include amounts budgeted for funding reserve accounts. (Section 10.1: including amounts budgeted)

Pets

Only with Board approval; no dogs or cats allowed. (Section 12.6: No dogs or cats may be kep)

Leasing & rentals

Yes, with restrictions. (Section 13.1: Leasing of Units.)

Parking & vehicles

Prohibited, except service vehicles temporarily present on business. (Section 12.7: commercial vehicles of wha)

Architectural approval

Yes, for modifications, alterations, installations, additions to Unit or Common Elements. (Section 11.3(C): Alterations ... must be)

Home business

Prohibited; no business or commercial activity shall be conducted in or from any Unit. (Section 12.1)

Maintenance

Association responsible for roof slab (upper boundary of Units). (Section 5.2(A): upper boundaries: plane )

Insurance

Not detailed in this Declaration. (Section 10.1 mentions insurance of Commo)

Use restrictions

Yes, each Unit shall be occupied by only one Family as a residence and for no other purpose. (Section 12.1)

Voting & meetings

Each Unit Owner collectively entitled to one (1) vote; total 36 votes. (Section 4.23: Voting Interest means ... )

Amendments

Not detailed in this Declaration; amendment of Declaration requires membership approval as per Florida Condominium Act? The Certificate of Amendment indicates it was adopted by membership. No specific percentage mentioned. (Certificate of Amendment: duly adopted b)

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