Terra Alta Sub

Key facts from Terra Alta Sub's documents

Reflects the 2011 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (commercial) (Title: "A COMMERCIAL CONDOMINIUM PROPERT)

Units / lots

Initially 7 in Phase 1; maximum 20 total including Phase 2. (Section 6J: "Initially, this Condominium)

Governing law

Chapter 718 of the Florida Statutes (Condominium Act) (Preamble: "pursuant to Chapter 718 of th)

Assessments & dues

Not set in this declaration; to be determined by Board of Administration; initial amount shown in Exhibit F (not provided). (Section 13A: Board determines sums for C)

Special assessments

Allowed for deficits or for costs incurred by Association for items servicing only a particular Unit (e.g., electrical wiring, air conditioners). (Section 13A: "power to levy special asse)

Collections & liens

Association has a lien on each Condominium Parcel for unpaid assessments plus costs, enforceable by foreclosure like a mortgage. Lien is recorded. (Section 13E, 13F: "The Association shall)

Reserves & fees

Board of Administration may include sums to establish reasonable reserves against future contingencies in each annual Assessment. (Section 13A: "The Board of Administratio)

Leasing & rentals

Not explicitly prohibited; but time share estates prohibited. (Section 2F: "Time Share Estates may not )

Architectural approval

Material alterations to Common Elements require approval by majority of record owners. No individual unit ARC mentioned except Developer's rights under Article 7. (Section 11B: "there shall be no material)

Home business

Not specifically addressed; commercial use allowed

Maintenance

Each Building's roof structure is a Limited Common Element. Maintenance, repair, and replacement costs are shared only by Unit Owners of that Building. (Section 5C: "Each Building's individual )

Insurance

Association obtains fire and extended coverage, vandalism, malicious mischief, public liability, workers compensation, directors and officers liability, and other insurance as determined. (Section 23A, 23B)

Use restrictions

Not explicitly defined

Voting & meetings

Each Unit Owner is entitled to number of votes equal to the number of square feet of the Unit(s) owned. (Section 9D: "Each Unit Owner shall be en)

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