Deerwood Pl 1 Condm

Key facts from Deerwood Pl 1 Condm's documents

Community type

Condominium (Article 1)

Governing law

Chapter 718 of the Florida Statutes (Condominium Act) (Preamble)

Assessments & dues

Board of Directors determines sums necessary for Common Expenses; annual assessment commences when Unit made subject to Declaration (Section 8.1)

Special assessments

Allowed for deficits, nonrecurring costs, or capital improvements (Section 8.1)

Collections & liens

Association has lien for unpaid assessments, including interest, costs, attorneys' fees; recorded claim of lien valid for 1 year unless enforcement action commenced (Section 8.3(b))

Reserves & fees

Required for maintenance, repairs, replacement of Common Elements unless waived; Developer voted to waive reserves for first fiscal year (Section 8.7)

Leasing & rentals

Entire Units may be rented; no room rentals; no transient tenants (less than 1 month); minimum lease term 7 calendar months (Section 12.5)

Architectural approval

Yes, for any addition, alteration, or improvement; must be approved in writing by Board of Directors (or architectural committee) and by Deerwood Place Master Association ACC if visible from exterior (Section 7.2(b))

Home business

Home-based occupations allowed if meet zoning, no employees, no signage, and meet municipal code (Section 12.1)

Signs & flags

See signs: US flag allowed; other flags not mentioned (Section 12.6)

Insurance

Condominium Association purchases insurance for buildings (replacement cost) and personal property of Common Elements; coverage includes fire, extended coverage, vandalism, flood if required, liability, workers' comp, directors/officers lia (Section 10.3)

Use restrictions

Units shall be occupied only as single family residential private dwelling (Section 12.1)

Voting & meetings

Each Unit is entitled to one vote in the Condominium Association and one vote in the Deerwood Place Master Association (Section 1.3 and 9.1)

Amendments

Not detailed in provided text (Article 15 is referenced but text not included) (Table of Contents (Section 15))

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