Embassy House Condominium

Key facts from Embassy House Condominium's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1.3: 'EMBASSY HOUSE, a Condomini)

Governing law

Florida Condominium Act (Chapter 718 of the Florida Statutes) (Section 2.1)

Assessments & dues

The Board of Directors prepares at least an annual budget, determines Common Expenses, and allocates assessments among Unit Owners according to the Declaration and By-Laws. (Section 10)

Special assessments

Special Assessments are defined as assessments levied other than those required by annual budget (Section 2.25). They may be levied by the Board, and if they exceed 10% of the then estimated operating budget in any year, must be approved by (Sections 2.25, 11.2)

Collections & liens

Association has a lien on each Condominium Parcel for unpaid assessments, interest, late fees, attorneys' fees, and costs. Lien is effective from recording of declaration, but as to Institutional First Mortgagees, effective from recording o (Sections 11.3, 11.4, 11.5)

Reserves & fees

Common Expenses include reserves for operation, maintenance, repair, and replacement of the Common Elements (Section 10). Reserve funding may be waived as per Act (Section 11.7). (Sections 10, 11.7)

Leasing & rentals

Leasing appears permitted; Section 11.5 addresses appointment of receiver to collect rent during foreclosure if unit is rented. No specific restrictions on leasing are stated in this declaration. (Section 11.5 (implied))

Architectural approval

Yes, prior written consent of Board of Directors is required for any addition, alteration, or improvement in or to Common Elements, Association Property, or Limited Common Elements. For interior alterations, governmental permits are require (Section 8.2(a))

Insurance

Policies may contain reasonable deductible provisions as determined by Board of Directors. (Section 12.2(a))

Use restrictions

Units are 'used or intended to be used for residential purposes' (definition of Unit). (Section 2.26)

Voting & meetings

Each Unit Owner is entitled to one vote per Unit. If Unit owned by entity or multiple individuals, a voting representative must be designated in writing to the Secretary of the Association. (Section 5.2 and 5.3)

Amendments

Amendments require affirmative vote of (a) Unit Owners of not less than 66-2/3% of Units and not less than 66-2/3% of Board of Directors, OR (b) Unit Owners of not less than 75% of Units. During Developer control period, amendment to correc (Sections 6.1, 6.2, 6.3, 6.4)

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