59 Sunset Place Condominium Association, Inc.

Key facts from 59 Sunset Place Condominium Association, Inc.'s documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1.3: named '59 Sunset Place Cond)

Units / lots

2 (Lots 6 & 7) (First Amendment legal description and Se)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Section 1.1)

Assessments & dues

Guaranteed at $363.45/month per unit for first 13 months from first closing; guaranteed at $417.97/month per unit for next 12 months; with options for further extensions. (Section 13.6)

Special assessments

Defined as any assessment levied other than annual budget assessment. Approval: majority of voting interests at a meeting with quorum for capital additions over $1,500 in a year; written notice required specifying purpose; funds used only f (Section 2.25, Section 8.1, Section 13.10)

Collections & liens

Association has lien on each condominium parcel for unpaid assessments. Lien effective after recording claim of lien. May foreclose like a mortgage. 30-day notice required before foreclosure judgment. Receiver may be appointed to collect re (Section 13.2, 13.3, 13.4, 13.5)

Reserves & fees

Greater of $25.00 or 5% of each delinquent installment. Also interest at highest rate allowed by law. (Section 13.2)

Leasing & rentals

Not explicitly; reference to Section 18 (not provided) suggests restrictions exist. (Section 3.4(e) mentions 'shall not be co)

Architectural approval

Yes, prior written consent of Board and Architectural Control and Maintenance Standards Committee for any addition, alteration, or improvement. (Section 9.1)

Signs & flags

Developer may erect signs (Section 3.4(e)), but no general sign restriction for owners. (Section 3.4(e) reserves Developer's righ)

Setbacks / home size

Four stories (as per Exhibit C elevation: Top of parapet 60'-11", ground floor 10'-11") (Exhibit C, Survey notes)

Maintenance

Association responsible (roof is common element). (Section 7.2: Association maintains commo)

Insurance

Casualty insurance on building and improvements on common elements at 100% replacement value. Liability insurance. Association purchases coverage. (Section 14.2(a), 14.1)

Use restrictions

Not explicitly stated; units are three-bedroom dwellings, but no explicit restriction. (Section 3.1 describes units as 'three be)

Voting & meetings

Each Unit entitled to one vote; Unit Owner casts vote. Units 101, 201, 202, 301, 302, 401, 402 each have 14.286% ownership share but one vote per unit. (Section 5.1 and 5.2)

Amendments

By Association: requires affirmative vote of 66-2/3% of voting interests at a meeting with quorum and 66-2/3% of Board, OR 80% of voting interests at meeting, OR 100% of Board, OR 50% of Board for insurance amendments. Developer may amend w (Section 6.1, 6.2, 6.5)

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