Bay Drive Condominium Association, Inc.

Key facts from Bay Drive Condominium Association, Inc.'s documents

Reflects the 1997 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Bay Drive Condominium Association, Inc.

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Article I)

Assessments & dues

Set by Board based on annual budget (Article XIV.A,B)

Special assessments

Allowed by Board for deficiencies or emergencies (Article XIV.C)

Collections & liens

Lien on unit for unpaid assessments, interest, attorneys fees; foreclosable like mortgage (Article XIV.G,H)

Reserves & fees

May be collected for replacement of common elements and general operating reserve (Article XIV.C.1,2)

Pets

Only with prior written consent of Association; consent revocable (Article XXVIII)

Leasing & rentals

Yes, only for terms of three months or longer, once per 12-month period, written lease required (Article IX.D)

Architectural approval

Board approval required for structural modifications, alterations, replacements in unit or exterior; no painting exterior without consent; no installation of antennas or devices without written consent (Article XI.B.4,6; Article XI.D)

Home business

Professional/quasi-professional owner may use unit as ancillary to office elsewhere; incidental uses allowed (library, records, phone calls) (Article IX.A)

Maintenance

Association maintains portions contributing to support of building (including outside walls, load-bearing columns) – roof implied (Article XI.A.2)

Insurance

Public liability ($1M per occurrence combined single limit), all risk, flood, vandalism, malicious mischief, workers comp ($500k employer liability) (Article XX.A, B, K)

Use restrictions

Each unit used only as a residence (or combined adjoining units as residence), with limited incidental professional use (Article III.H, Article IX.A)

Voting & meetings

One vote per unit (Article III.E.5, Article X.D)

Amendments

By 75% Board + 75% membership, or 90% membership, or majority of voting interests before first election; developer may correct errors without owner consent under certain conditions (Article VIII)

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