Threezerotwo Condo

Key facts from Threezerotwo Condo's documents

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

Community type

condominium (Title and Article I: 'submits the Proper)

Developer / declarant

Terraces at Westgate, LLC (Opening paragraph: 'Terraces at Westgate)

Governing law

Chapter 718, Florida Statutes (Florida Condominium Act) (Article III, definition 5: 'CONDOMINIUM )

Assessments & dues

Not fixed; during excusal period guaranteed not to exceed $90.84 per month ($272.52 per quarter) (Article XVI.Q: 'assessments will not exc)

Special assessments

Any assessment other than required by annual budget (Article III, definition 26: 'SPECIAL ASS)

Collections & liens

Association has a continuing lien for unpaid assessments; may foreclose like a mortgage (Article XVI.K and L: 'the Condominium As)

Reserves & fees

Reasonable late fee for assessments due over 30 days (Article XVI.H: 'the Board of Directors m)

Leasing & rentals

Yes, with restrictions (Article XXII.D: 'No Condominium Unit may)

Maintenance

Unit Owner responsible for Unit (including windows, fixtures, appliances, floor coverings); Association responsible for Common Elements (Article XIV.A (Unit Owner) and XIV.B (As)

Insurance

All buildings and improvements upon the land, including Units, and all personal property of the Association; fire, extended coverage, flood disaster insurance (if available), vandalism, malicious mischief, public liability, workers compensa (Article XXIII.B: 'All buildings and impr)

Use restrictions

Each Unit shall be used solely and exclusively for residential purposes (Article XXII.A: 'Each Unit shall be used)

Voting & meetings

One vote per bedroom in the Unit as originally constructed (Article IX.B: 'Unit Owners shall be enti)

Amendments

Declarant may amend without consent for certain purposes (corrections, Surveyor's Certificate, etc.). Otherwise, 50% vote of Voting Representatives; for material alterations of Common Elements, 75% vote required. Amendments affecting mortga (Article XI (A, B, C); Article VIII.B for)

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