Cascades East Commercial Condominium

Key facts from Cascades East Commercial Condominium's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Non-Residential Condominium (Title: "A Non-Residential Condominium")

Governing law

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

Assessments & dues

Common Expenses are assessed against Unit Owners as provided in this Declaration; budget adopted annually by Board. (Section 2.4 (Assessments) and Section 7.)

Special assessments

Allowed. Special Assessments must be duly adopted by the Board of Directors. (Section 2.4 definition: "Assessments sha)

Collections & liens

Remedies including lien and foreclosure are provided for Office Shared Component Unit expense recovery (similar to Association Annual Assessments). (Section 7.2: "the right to lien the Unit)

Leasing & rentals

Not explicitly permitted or restricted in this document.

Signs & flags

Each Unit Owner responsible for signage for their Unit. (Section 7.1: "...including, without limi)

Voting & meetings

Each Unit Owner has votes equal to the Unit's Ownership Allocated Interest (as set forth in Exhibit "5"). (Section 5.4: "Each Unit shall be allocat)

Amendments

Amendments require affirmative vote of Unit Owners representing not less than 2/3 of total votes and majority of Board. Certain material changes require consent of affected Unit Owner and/or mortgagees. Amendments affecting Surface Water Ma (Sections 6.1, 6.3, 6.5)

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