Veranda II at River Strand Condominium Association, Inc.

Key facts from Veranda II at River Strand Condominium Association, Inc.'s documents

Community type

condominium (phase condominium) (Section 1.3, Section 3)

Legal name

Veranda II at River Strand Condominium Association, Inc. (Section 2 (definition of "Association"))

Units / lots

48 (if all phases submitted) (Section 3.2 (1/48 per unit if all phases)

Governing law

Florida Condominium Act, Chapter 718 (Section 2 (definition of "Act"))

Special assessments

Any assessment levied other than the annual budget assessment (Section 2 (definition of "Special Assess)

Collections & liens

Association has a lien for unpaid assessments; may foreclose; lien priority; effect of foreclosure; voluntary transfer; institutional first mortgagee protections (Section 14 (entire section))

Voting & meetings

One vote per Unit, regardless of number of unit owners (Section 5.2, Section 3.3, Section 2 (def)

Amendments

May be proposed by Board (majority vote) or by owners of 20% of Units; adoption requires either (1) affirmative vote of Unit Owners owning >50% of Voting Interests present at a quorum meeting plus 66-2/3% of Board, or (2) Unit Owners owning (Section 7.1.1, 7.1.3, 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.