Alexis Centre Building Two

Key facts from Alexis Centre Building Two's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1.1)

Governing law

Florida Condominium Act, Chapter 718, Florida Statutes (Section 1 and Section 2.1)

Assessments & dues

Board prepares budget and adopts assessments; must provide notice at least 10 days before due date (Section 11.1: "The Board shall from time)

Special assessments

Permitted; must state purpose and any excess funds may be returned or credited (Section 11.1: "special assessments for C)

Collections & liens

Association has lien on each Unit; may foreclose in manner of mortgage; recorded claim of lien required; priority subordinate to first mortgage recorded before claim (Section 12.5, 12.6)

Reserves & fees

$25.00 or 5% of each late assessment, whichever is greater (Section 12.3: "shall be subject to an ad)

Leasing & rentals

Yes, for any permitted use (Section 17.1(c): "A Unit or any portion )

Architectural approval

Not explicitly; but Unit Owner alterations requiring Association approval (Section 10.2) and no exterior changes without approval (Section 10.2: "does not affect the exter)

Maintenance

Association (as part of Common Elements; roof is not specifically mentioned but appears to be Common Element) (Section 9.1(a): Association maintains al)

Insurance

Casualty at 100% replacement cost, public liability at $1,000,000 minimum, flood insurance, worker's comp, fidelity bonds (Section 14.2 (a)-(d))

Use restrictions

Not explicitly defined, but general covenant to not disturb rights of other owners (Section 5.2: "No use of the Common Eleme)

Voting & meetings

One vote per Unit (Section 13.7: "there shall be only one ()

Amendments

Not detailed in Declaration; By-Laws and Articles likely cover; but changes due to condemnation may be amended by Board (Section 16.6) (Section 16.6: "amendment ... need be app)

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