Atlantis on Brickell Condominium Association, Inc.

Key facts from Atlantis on Brickell Condominium Association, Inc.'s documents

Community type

Condominium (Article I - Submission Statement)

Legal name

Atlantis on Brickell Condominium Association, Inc. (Article II, Section 5 - Definition of 'A)

Units / lots

96 condominium units (Article I - Submission Statement)

Governing law

Florida Condominium Act (Florida Statute 718 et seq.) (Article II, Section 1 - Definition of 'A)

Assessments & dues

Common Expenses shared by Owners in same percentages as Common Elements appurtenant to each Unit; ratio fixed regardless of purchase price, location, or square footage (Article V - paragraph 1)

Special assessments

Permitted; Corporation may levy special Assessment to cover insufficient insurance proceeds for repair, replacement, or reconstruction of Common Elements and Units (Article XI); also for unauthorized alterations (Article XIII, D) (Article XI (Insurance); Article XIII, D )

Collections & liens

Corporation shall have a lien on each Parcel and all tangible personal property located therein for unpaid Assessments and late charges, together with interest (Article IX - Assessments)

Reserves & fees

Reserve funds for capital expenditures and deferred maintenance required by Florida Statute 718.112(2)(k); initially funded by two months' maintenance payment at closing; Developer obligated to call meeting when Owners other than Developer (Article IX - last paragraph)

Leasing & rentals

Yes, but subject to Right of First Refusal by Corporation for sales and leases (Article X, A). Owner must first offer to Corporation before sale or lease. Exceptions for Developer, corporate/land trust owners, and certain mortgagees. (Article X, Section A - Sale or Lease of )

Architectural approval

Board must respond to right-of-first-refusal notice within 10 days (for sale/lease). For alterations, not specified; prior written consent required. (Article X, A, 3 (for sale/lease); Articl)

Signs & flags

Developer has right to maintain sales signs (not Common Elements) (Article X, 5(b)). No general restriction on Owner signs in Declaration. (Article X, Section 5(b))

Setbacks / home size

20 stories as specified for Building (Article II, Section 8)

Maintenance

Not explicitly stated; likely Common Element as part of Building structure maintained by Corporation (Article XIII, E (exterior color scheme m)

Insurance

Subject to deductible provisions as Board may approve (Article XI, B, 1)

Use restrictions

Implied by designation as residential condominium; specific restrictions in Bylaws Article XVII referenced in Article XII (Article XII - "The use and occupancy of )

Voting & meetings

One vote per Unit; Unit owned by multiple persons must designate one Voting Member; Developer entitled to one vote per unsold Unit; vote not divisible (Article IV - Voting Rights)

Amendments

Declaration may be amended by affirmative vote of not less than three-fourths of total vote of Members at regular or special meeting; certified by President and Secretary; executed as deed; recorded in Dade County. No change to Common Eleme (Article VI - Method of Amendment of Decl)

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