Osprey Isle at Carlton Lakes

Key facts from Osprey Isle at Carlton Lakes's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 2, Section 3)

Governing law

Florida Condominium Act, Chapter 718, Florida Statutes (Section 2)

Assessments & dues

Regular assessments for common expenses as per annual budget; special assessments for unusual, non-recurring or unbudgeted common expenses (Section 10, introductory paragraph)

Special assessments

Permitted for unusual, non-recurring or unbudgeted common expenses (Section 10, introductory paragraph)

Collections & liens

Association has lien on each condominium parcel for past due assessments, interest, attorney's fees, costs. Lien perfected by recording Claim of Lien. Foreclosure permitted. Lien subordinate to first mortgage recorded before Claim of Lien, (Sections 10.8, 10.9, 10.10)

Reserves & fees

Assessments for the purpose of funding reserve accounts are a common expense (Section 10.1)

Pets

Yes, the owner of each unit may keep a reasonable number of pets in the unit (Section 12.3)

Leasing & rentals

Yes, subject to restrictions; privilege, not a right; must have Board approval (Section 13)

Home business

Prohibited (business, commercial activity or profession from any unit; incidental personal/professional activities customarily incident to residential use are allowed) (Section 12.1)

Use restrictions

Each unit shall at all times be occupied by only one family and its guests, as a residence and for no other purpose (Section 12.1)

Voting & meetings

Each unit has one indivisible vote in association matters when a vote is required or permitted (Section 4.22)

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