281 Prime Condominium Association, Inc.

Key facts from 281 Prime Condominium Association, Inc.'s documents

Community type

Condominium (Article I: Developer submits to condomin)

Legal name

281 PRIME CONDOMINIUM ASSOCIATION, INC. (Article IX: 281 PRIME CONDOMINIUM ASSOCI)

Developer / declarant

281 PRIME LLC, a Florida limited liability company (Preamble: by 281 PRIME LLC)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Article I: pursuant to Chapter 718, Flor)

Collections & liens

Association has lien on unit for unpaid assessments; effective upon recording claim of lien; foreclosure in manner of mortgage; mortgagee liability limited to 6 months or 1% of original mortgage debt; notice required before foreclosure judg (Article XVII J)

Reserves & fees

Budget includes reserve accounts for capital expenditures and deferred maintenance (roof replacement, building painting, and items >$10,000); may be waived by majority vote of members; developer may waive for first two years (Article XVII D)

Pets

Yes, but not to run freely on common elements; must be leashed outside unit; owner liable for damage; Board may remove nuisance pets (Article XV E)

Voting & meetings

One vote per unit (irrespective of number of owners) (Article VIII: each unit shall be entitle)

Amendments

Proposed by Board majority or by majority of unit owners; adopted by majority vote of unit owners; limitations require supermajority or joinder of owners and lienholders for changes to unit size, discrimination, appurtenances, insurance/cas (Article XI)

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