Terrace IV at Treviso Bay

Key facts from Terrace IV at Treviso Bay's documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Phase Condominium (Section 1.3)

Units / lots

60 (if all phases submitted); Phase 1 has 30 units (Section 3: 'two Phases... each contain[i)

Governing law

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

Assessments & dues

Not fixed in Declaration; District Debt Service Assessments estimated $977.50/year per Unit; District Maintenance Special Assessments approx. $176.12 per year (Section 6.3)

Special assessments

Any Assessment levied other than the annual budget assessment (Section 2 (definition) and Section 13.6)

Collections & liens

Association has a lien for unpaid assessments; same priority as mortgage; foreclosure possible (Sections 14.4, 14.5, 14.6)

Reserves & fees

Required per Act (Section 718) for capital expenditures and deferred maintenance (Section 13.5)

Pets

Yes; only common household pets (Section 18.13)

Leasing & rentals

Yes, with restrictions (Section 18.9)

Architectural approval

Yes; prior written approval from Board required for alterations, additions, improvements by Unit Owners other than Developer (Section 11.1)

Home business

Generally prohibited, but Board may permit professional services that do not cause nuisance (Section 18.11)

Maintenance

Association responsible for roof membrane, trellises, and structural components (Section 8.4)

Insurance

Property insurance covering Units and Common Elements, liability, workers comp, flood, fidelity, D&O, windstorm (Section 15.3)

Use restrictions

Yes; Units shall be used only as dwelling units (Section 18.17)

Voting & meetings

One vote per Unit regardless of number of owners (Section 5.2 and Section 2 definition of )

Amendments

Amendments may be proposed by Board or 20% of Unit Owners; adopted by >50% of voting interests present and 66-2/3% Board, or 80% voting interests, or 100% Board pre-turnover; Developer may amend for corrections or mortgagee requirements wit (Sections 7.1, 7.2)

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