Phillippi Plaza Land Condominium Association, Inc.

Key facts from Phillippi Plaza Land Condominium Association, Inc.'s documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Land Condominium (Section 2.3)

Governing law

Florida Condominium Act (Chapter 718 Florida Statutes) as it exists on the date of recording; also Florida Land Condominium Act (Section 3.1; Section 2.2)

Assessments & dues

Board prepares budget at least annually, determines amount of assessments, allocates among Unit Owners according to fractional ownership (based on square footage). Regular assessments collected quarterly in advance. (Sections 14, 15.8)

Special assessments

Not explicitly named, but Assessments may include capital additions under Section 10 (requires majority vote if over $10,000 in a calendar year). Also Section 17.4 for reconstruction if insurance insufficient. (Sections 10, 17.4)

Collections & liens

Association has a lien on each Condominium Parcel for unpaid assessments, interest, attorney's fees, and costs. Lien effective upon recording of Declaration. Foreclosure action allowed; notice of intention to foreclose at least 30 days befo (Sections 15.2, 15.4, 15.5)

Reserves & fees

Developer may waive reserves for first two years of operation prior to turnover. Section 15.3. (Section 15.3)

Leasing & rentals

Not explicitly addressed; Developer has right to use Units for models and sales, but no general leasing restrictions. Units may be leased to Developer. (Section 5.4(e) (Sales Activity))

Parking & vehicles

Storage prohibited. (Section 19.1 (Vehicle Parking and Storag)

Fences

Not specifically mentioned; any exterior improvement requires ARC approval. (Section 19.1 (Exterior Improvements; Lan)

Architectural approval

Yes. Prior written consent of Board required for additions, alterations, or improvements in or to Common Elements, Improvements, or the Exterior of any Buildings. Also for affixing anything to exterior walls/doors/windows, landscaping, etc. (Sections 11.1, 19.1 (Alterations; Exteri)

Maintenance

Building roof is part of Building; therefore Unit Owner responsible (since Building is within Unit). (Section 9(b) - maintenance of Buildings )

Insurance

May contain reasonable deductible provisions as determined by Board. (Section 16.2(a) - deductible provisions)

Voting & meetings

Each Unit Owner entitled to one vote per 1,000 square feet owned, fractional votes to nearest .001. Example: 11,250.73 sqft = 11.250 votes. (Section 7.2)

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