Access Plus Business Suites

Key facts from Access Plus Business Suites's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Section 1.3)

Governing law

Florida Condominium Act, Chapter 718, Florida Statutes (Section 1.2 and Section 2 (definition of)

Assessments & dues

Board of Directors prepares budget at least annually, determines assessments, and allocates among Owners in proportion to Allocated Interest. Assessments for Limited Common Expenses allocated only to Owners with interest in those Limited Co (Section 9.1)

Special assessments

Board may levy special assessments for nonrecurring costs or capital improvements, approved in accordance with Condominium Documents. Funds used only for specific purpose set forth in notice, or returned/credited. (Section 9.10)

Collections & liens

Association has lien on each Condominium Parcel for unpaid Assessments (and Charges to extent allowed). Lien effective from recording of Declaration. Association may record claim of lien and foreclose like a mortgage. Lien effective for one (Section 9.4)

Reserves & fees

Budget shall contain reserves for capital expenditures and deferred maintenance, but may be waived in accordance with procedure set forth in By-Laws. (Section 9.1)

Architectural approval

Yes, Board approval required for any Alterations to Common Elements, Unit, or Limited Common Elements, including plumbing, electrical, HVAC changes. (Section 7.2(a))

Voting & meetings

One vote per Unit (Section 4.3)

Amendments

Amendment may be adopted by (i) Owners owning >50% Voting Interests plus not less than 66-2/3% of Board; or (ii) after turnover, Owners owning not less than 67% Voting Interests at meeting with quorum; or (iii) not less than 50% of Board fo (Section 5.1)

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