Grand Bay Condominium

Key facts from Grand Bay Condominium's documents

Reflects the 1998 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title)

Governing law

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

Assessments & dues

Board estimates Common Expenses and assesses each Unit Owner in proportion to 1/60 share (Article VI, Article XIV)

Special assessments

Board may levy additional assessments if needed (Article XIV(D))

Collections & liens

Association has a lien on each Unit for unpaid assessments, enforceable per Condominium Act (Article XV)

Reserves & fees

Reasonable contingency or reserve requirements for protection of members and property (Article XIV(B))

Pets

Yes, one small pet of normal domesticated household type (cat or dog) (Article XI(B)(7))

Leasing & rentals

Yes, subject to restrictions (Article XII)

Architectural approval

Yes, for alterations, modifications, installations on exterior, etc. (Article XVIII)

Maintenance

Association (Article XVII(A): 'all roof components wh)

Insurance

Association may obtain policy with deductible clause if coverage not reasonably available without (Article XXI(A))

Use restrictions

Units shall be used and occupied as private single-family residences only (Article XI(A) and XI(B)(1))

Voting & meetings

Each Unit has one vote (Article VI: 'each Unit shall have one (1)

Amendments

By resolution adopted at meeting by affirmative vote of 66% of total votes of Unit Owners present and voting, with a quorum; recorded per Condominium Act (Article X(A))

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