332 Cocoanut Condominium Association, Inc.

Key facts from 332 Cocoanut Condominium Association, Inc.'s documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Declaration, Section 2 ('submits... to c)

Legal name

332 Cocoanut Condominium Association, Inc. (Declaration, Section 4 definition of 'As)

Units / lots

41 (36 residential + 5 commercial) (Declaration, Section 7.1 ('There are for)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Declaration, Section 4 definition of 'Co)

Assessments & dues

Based on each Unit's Percentage Share of Common Expenses, calculated from square footage (Declaration, Section 7.1)

Leasing & rentals

Lease defined as grant of right or use of Unit for valuable consideration; no explicit prohibition, but no fractional sales or leases allowed (Declaration, Section 4 definition of 'Le)

Insurance

Each Unit Owner must carry homeowner's insurance with endorsements for leakage, seepage, wind-driven rain, additions and alterations, and loss assessment protection (First Amendment, Section 17.2(a) (amende)

Use restrictions

Residential Units restricted to Single Family Residential Use; Commercial Units used for commercial purposes (Declaration, Section 4 definition of 'Si)

Voting & meetings

Each Unit Owner has full voting rights appurtenant to Unit; Commercial Unit Owner has no vote on matters solely involving Residential Common Elements (Declaration, Section 7.2(b); Section 8.4)

Amendments

Developer may unilaterally amend Declaration and exhibits to post-construction surveys via Section 23.5; also may correct survey errors without Unit Owner or mortgagee joinder (First Amendment, WHEREAS and Section 23.)

Amenities

Pool (approx. 1,307 sq ft), Pool Equipment, Pool Bath, Storage Room, Storage Units, Elevators, Trash Chutes, Parking, Terrace per Unit, Lobby, Corridors, Electrical and Mechanical rooms (Declaration, Section 4 definitions and S)

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