Pinnacle Commercial Condominium Association, Inc.

Key facts from Pinnacle Commercial Condominium Association, Inc.'s documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Commercial Condominium, Land Condominium (Title and Section 4.11)

Governing law

Chapter 718, Florida Statutes (Recitals, Section 2, Section 4.12)

Assessments & dues

Board of Directors annually prepares budget and sets assessments; allocation based on unit's share (50% each). Budget subject to change. (Section 12, Section 12.1, Section 12.2, )

Special assessments

Allowed for non-recurring expenses and capital improvements, subject to thresholds and approval. (Section 12(i)-(iii))

Collections & liens

Association has lien on unit for unpaid assessments, interest, fees. Lien perfected by recording Claim of Lien. May foreclose or sue for money judgment. (Sections 12.6, 12.8)

Reserves & fees

Common Expenses may include amounts budgeted for reserve accounts. (Section 12.1)

Leasing & rentals

Yes. All leases must be in writing. (Section 15)

Architectural approval

Prior written approval of Board required for modifications, alterations, additions to Unit or Common Elements. (Section 13.3(a))

Signs & flags

Developer may erect signs for sales and promotion until all units sold. No rule for owner signs. (Section 9(f))

Insurance

Each Unit Owner should procure and maintain own public liability insurance for their Unit. (Section 17.2(a))

Use restrictions

Prohibited; no unreasonable annoyance or interference with other owners. (Section 14.3)

Voting & meetings

Each Unit has one vote (Section 11.4)

Amendments

Not fully specified in this excerpt; Developer may unilaterally amend to correct survey errors (Section 6.3). General amendment not detailed. (Section 6.3)

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