Palazzi Al Mare Land Condominium Association, Inc.

Key facts from Palazzi Al Mare Land Condominium Association, Inc.'s documents

Reflects the 2011 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Land Condominium (Units in land) (Art. 4.8)

Legal name

Palazzi Al Mare Land Condominium Association, Inc. (Art. 3.3)

Governing law

Florida Condominium Act, Chapter 718, Florida Statutes (Art. 1.1, Art. 3.1)

Assessments & dues

Annual Budget of Common Expenses adopted by Board; each Unit Owner liable for 1/2 share (Art. 8.3 and Art. 8.2)

Special assessments

Permitted; e.g., for insurance premiums on improvements (Art. 9.10) and for capital improvements exceeding 50% of annual budget require majority vote (Art. 3.8(f)) (Art. 9.10 and Art. 3.8(f))

Collections & liens

Lien for unpaid assessments and other sums, including attorneys' fees and costs; enforcement by foreclosure (Art. 8.5)

Reserves & fees

Interest at maximum rate allowed by state law on sums unpaid after 10 days from due date (Art. 8.4)

Pets

Yes, but no horses, cattle, swine, goats, poultry, or other non-household pets; limit of two pets per Unit (Art. 10.9)

Leasing & rentals

Implied; lease must include covenant to comply with Declaration (Art. 10.26); no explicit restriction (Art. 10.26)

Parking & vehicles

Restricted Vehicles defined include trucks other than pick-up, vans, etc.; vehicles of persons temporarily providing business services exempted (Art. 3.19 and Art. 10.7)

Architectural approval

Yes, for alterations/improvements visible externally or that affect structure; prior written approval from Association (Board) required (Art. 7.6)

Home business

Allowed if permitted by City of Sarasota ordinances without special permit, no outdoor activity, no exterior sign, approved by Association (Art. 10.1(a))

Signs & flags

Generally prohibited; exceptions: approved house number/nameplate, one temporary sale sign ≤4 sq ft, other signs approved by Association/Declarant (Art. 10.8)

Maintenance

Association responsibility (part of Association Responsibility Improvements) (Art. 7.2(b)(i))

Insurance

Subject to customary deductibles (Art. 9.10(a))

Use restrictions

Units may be used for residential purposes only; no business or commercial building except home occupations permitted by city and approved by Association (Art. 10.1)

Voting & meetings

Each Unit is entitled to one vote at Association meetings (Art. 6.8)

Amendments

Declarant may amend Declaration to adjust unit boundaries without unit owner joinder (Art. 4.9); general amendment procedure not described; Declarant may create easements until relinquishment (Art. 4.4) (Art. 4.9 and 4.4)

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