Clark Springs Condominium Association, Inc.

Key facts from Clark Springs Condominium Association, Inc.'s documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Opening paragraph)

Legal name

Clark Springs Condominium Association, Inc.

Developer / declarant

Michael T. Gibson and Michael T. Gibson, Trustee of the Michael Timothy Gibson Revocable Trust UAD June 29, 2007

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Opening paragraph and Section 2 definiti)

Assessments & dues

Initial amount set forth in initial budget attached as Exhibit E (Section 15.01)

Special assessments

Board may levy Special Assessments proportional to each Unit's share of Common Expenses if necessary for unanticipated expenditures or enforcement (Section 15.02)

Collections & liens

Association has lien on Condominium Parcel for unpaid Assessments; perfected by recording claim of lien; can foreclose like a mortgage; unit owner also liable for money judgment; costs and attorney's fees included (Sections 16.05, 16.06, 16.07)

Reserves & fees

Developer may vote to waive reserves during first two fiscal years (Section 16.11)

Pets

Yes (Section 20(g))

Leasing & rentals

Yes, permitted in a manner consistent with all local and state laws governing same (Section 20(k))

Parking & vehicles

Not prohibited (by the commercial vehicle prohibition) but must be parked in designated parking spaces only (Section 20(a) and 9.01)

Architectural approval

Material changes to exterior of Building or substantial additions to Common Elements, Association Property, or Limited Common Elements require unanimous vote of Unit Owners; fences require approval of all other Unit Owners (Sections 12.01 and 20(b))

Signs & flags

Nothing hung, displayed, or placed on exterior walls without prior written consent of all Unit Owners (except holiday decorations and one portable removable US flag); Developer may erect signs for sales/promotion during development period (Sections 20(f) and 13.01(e))

Maintenance

Roof Common Elements (upper surface of bearing walls to roof coverings) are general common elements maintained by Association as Common Expense (Sections 7.01(e) and 12.01(a))

Insurance

Reasonable deductible provisions as determined by Board of Directors (Section 24.02(a))

Use restrictions

Use of Condominium Property shall be for residential purposes only (Section 20 (intro))

Voting & meetings

Each Unit Owner entitled to one (1) vote on each matter brought before the membership (Section 21.02)

Amendments

Generally requires approval of 100% of all Owners of all Units; certain corrections by majority of Board or members; Developer has right to amend for errors, statutory compliance, or lender approval without joinder of Owners. Amendments mus (Section 26)

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