5th & Duval Condominiums

Key facts from 5th & Duval Condominiums's documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Residential Condominium (§1.3)

Legal name

5th and Duval Condominiums Association, Inc. (§2.1 and Articles of Incorporation §1.1)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Article II, §2.5)

Assessments & dues

Association adopts budget and makes assessments against members to defray costs (Articles of Incorporation §3.2(a)). Percentage shares are as per Exhibit D (not provided in excerpt) and are same as common element interests. (Articles of Incorporation §3.2(a) and De)

Reserves & fees

Required by Chapter 718; included in common expenses (Decl. §2.3(f)) (§2.3(f))

Maintenance

Association responsible for maintenance of common elements (Decl. §7.4). Unit boundaries defined in §5.1; units include interior air space, finishes, and fixtures, excluding common and limited common elements. Limited common elements includ (§5.1, §5.2, §7.4)

Use restrictions

Residential condominium; use must remain consistent with local zoning laws (§1.3)

Voting & meetings

Each unit has one vote (Bylaws §2.2)

Amendments

By unit owners as per Chapter 718, with certificate by president and secretary, recorded in public records (Decl. §9.1). Developer may unilaterally amend while holding units for sale, except for changes restricted by §718.110(4)&(8) (Decl. (Article IX)

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