Urban Edge Condominium

Key facts from Urban Edge Condominium's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Section 1.2)

Legal name

Urban Edge Condominium Association, Inc. (Section 2.4)

Developer / declarant

Urban Edge Apartments, Ltd., a Florida limited partnership (Section 1, Section 2.18)

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) as amended (Section 1.2, Section 2.1)

Assessments & dues

Board prepares annual budget, determines assessments, allocates per shares in Section 5.2 (Section 10)

Special assessments

Permitted; defined as any assessment other than regular annual assessment (Section 2.22)

Collections & liens

Association may file claim of lien, foreclose, collect attorney's fees; notice required before foreclosure (Section 11.2, 11.3)

Reserves & fees

Common Expenses may include reserves for capital improvements or deferred maintenance if required by law (Section 10)

Parking & vehicles

72 spaces + 3 motorcycle/scooter for Senior Apartment; 40+3 for Family; 1 for Unit 3; 3 for Unit 4; additional shared spaces possible (Section 3.3(i))

Insurance

Unit owners must insure non-structural portions, improvements, personal liability; 100% replacement for non-structural; same limits as master policy (Section 12.5)

Voting & meetings

Senior Apartment Unit Owner: 85 votes; Family Apartment Unit Owner: 40 votes; Commercial Unit Owners: 1 vote each (total 2 votes) (Section 5.3)

Amendments

Except as otherwise provided, amendments require affirmative vote of Unit Owners representing not less than 2/3 of voting interests and majority of Board. Amendments increasing Senior Apartment Unit's ownership %, decreasing its Common Expe (Section 6.1, 6.2, 6.3, 6.4)

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