Villas Veracruz

Key facts from Villas Veracruz's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Paragraph 1: 'submits to the Condominium)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Paragraph 1: 'in the manner provided for)

Assessments & dues

Guaranteed maximum $1,500/quarter in 2005; $1,550/quarter in 2006; $1,600/quarter in 2007 and thereafter (subject to budget); regular assessment is 1/3 of common expenses (Section 16.15: guaranteed maximums; Sect)

Special assessments

Permitted for unusual, non-recurring or unbudgeted common expenses (Section 16: 'special assessments for unu)

Collections & liens

Association has lien on each unit for unpaid assessments; may foreclose in court (Section 16.9: 'Association has a lien up)

Reserves & fees

Required unless waived; Developer intends to waive for first two fiscal years (Section 16.4: 'include a reserve fund, u)

Pets

Yes, with approval of Board of Directors (Section 17.6: 'Each unit owner, with app)

Leasing & rentals

Yes, entire units only, after approval of Association (Section 17.5; Section 19.5: 'A unit owne)

Architectural approval

Not explicitly; but exterior alterations prohibited without Board approval; changes to Common Elements require 2/3 vote of owners (Section 20.1.B(iii): 'No Unit Owner shal)

Signs & flags

One portable, removable US flag allowed; on certain holidays, additional military flags (Army, Navy, etc.) up to 4.5 ft x 6 ft allowed (Section 17.7: 'display one portable, rem)

Maintenance

Association (exterior portions of buildings, excluding windows and screens; roof is exterior) (Section 20.1.A(iii): 'exterior portions )

Insurance

Association shall obtain hazard and liability insurance on the condominium property; policies shall name Association as agent for unit owners. No specific coverage amounts stated. (Section 21.1: 'The Association shall obt)

Use restrictions

Yes; no other purpose (Section 17.1: 'Units shall be used as a )

Voting & meetings

Each unit has one vote; total 3 votes (Section 15.10.A: 'owner of each unit sha)

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