The Galleon Resort Condominium Association, Inc.

Key facts from The Galleon Resort Condominium Association, Inc.'s documents

Reflects the 2013 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Title: Declaration of Condominium of The)

Legal name

The Galleon Resort Condominium Association

Governing law

Florida Statutes Section 718.110 (amendment), Section 721.13 (timeshare provisions) (Preamble and Amendment to Bylaws, Sectio)

Collections & liens

Delinquent assessments secured by a lien in favor of the Association upon the timeshare interest. Attorney's fees and collection costs are secured by lien. (Amendment to Bylaws, Article VI, Section)

Reserves & fees

Reserves may be waived or reduced by majority vote of voting interests present at a duly called meeting. If no result or quorum not attained, reserves in budget take effect. Limited proxies for reserve votes must contain bold disclosure abo (Amendment to Bylaws, Article VI, Section)

Leasing & rentals

Not directly addressed, but timeshare plan implies rental. Denial of use provision allows Association to rent delinquent owner's timeshare period. (Paragraph 19, page 5: It may rent the de)

Maintenance

Not explicitly addressed, but maintenance fees increased by cost of operating Floating Use program automated system for units in the program. (Amendment to Declaration, Paragraph 7.8,)

Use restrictions

Not explicitly stated, but document implies timeshare/condominium residential use. Rules and Regulations govern use of Common Elements and recreational facilities. (Paragraph 19: use of Common Elements and)

Voting & meetings

Majority of unit owners present or by proxy required for amendment approval; unanimous Board approval plus majority of unit owners for Bylaw amendments. (Recitals B and C, page 1)

Amendments

Amendments to Declaration approved by majority of unit owners present or by proxy at annual meeting; Bylaw amendments unanimously approved by Board and by majority of unit owners present or by proxy. Pursuant to Section 11 of Declaration an (Recitals B and C, page 1)

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