Key Tex Shrimp Building Condominium

Key facts from Key Tex Shrimp Building Condominium's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article I - Creation of Condominium)

Legal name

Key Tex Shrimp Building Condominium Association, Inc. (also referred to as Safe Harbour Maritime Condominium Association, Inc. in Article VII.A) (Article II.E - Definitions; Article VII.)

Developer / declarant

Key-Tex Shrimp Company, Inc., a Florida corporation (Opening paragraph and Article II.Q - Def)

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) (Article II.A - Definitions)

Assessments & dues

Proportionate to each Unit Owner's Common Interest (based on square footage of building portion within Unit) (Article VII.D.1: 'All assessments shall )

Special assessments

Allowed; requires majority vote of Association membership at a duly called meeting with quorum; while Declarant owns at least 2 Units, Declarant's prior written approval also required (Article VII.D.2)

Collections & liens

Association has lien for unpaid assessments; lien recorded and may be foreclosed; 30 days written notice required before foreclosure; priority as afforded by law (Article VII.D.6(a) through (i))

Reserves & fees

Required for capital expenditures and deferred maintenance; computed based on remaining useful life and replacement cost; may be waived or reduced by majority vote. General operating reserve allowed up to 10% of annual assessment; contribut (Article VII.F.1 and F.2)

Leasing & rentals

Yes, each Unit and any portion thereof is leaseable (Article V.D: 'Each Unit, and any portion)

Fences

Not specifically mentioned (N/A)

Architectural approval

Yes, for any exterior alteration, addition, or improvement, and any structural alteration (including Limited Common Elements) (Article VII.H.1: 'With the consent of th)

Home business

Commercial use allowed; businesses may be properly conducted in Units subject to restrictions (hazardous materials, etc.) (Article V.A ('commercial purposes only'))

Signs & flags

Not specifically mentioned; Association may adopt rules and regulations regarding signs (Article V.K (Association may adopt addit)

Maintenance

Not explicitly stated; roof overhangs are part of Unit per Article III.D.1; but Association likely responsible for Common Elements? No specific assignment; HVAC compressors on roof are restricted, maintenance through Association. Roof acces (Article III.D.1 ('that portion of the Bu)

Insurance

Reasonable deductible provisions as determined by Board (Article IX.B.1: 'Such policies may conta)

Use restrictions

Prohibited: 'No Unit Owner shall permit... anything... which would... annoy other occupants by unreasonable noises or otherwise create a nuisance' (Article V.C)

Voting & meetings

One vote per Unit; joint owners determine how vote is cast (Article VII.B: 'Each Unit Owner shall be)

Amendments

Not fully specified; Declarant may unilaterally amend for future easement rights (Articles III.G, III.H); other amendments presumably per Act (Chapter 718) (Articles III.G, III.H; also Article IV.C)

Amenities

Docking facilities (concrete dock, seawall, bay bottom) within Units; pedestrian and vehicular access ways; no pool, clubhouse, etc. (Articles V.H, VI.A)

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