801 East Venice Ave Condominium Association, Inc.

Key facts from 801 East Venice Ave Condominium Association, Inc.'s documents

Reflects the 2012 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

801 East Venice Ave Condominium Association, Inc.

Developer / declarant

801 E. VENICE AVENUE, LLC

Governing law

Chapter 718, Florida Statutes (Article I; Chapter 718, Florida Statutes)

Special assessments

Unusual, non-recurring or unbudgeted Common Expenses may be levied as special assessments based on each Unit Owner's share of Common Elements. (Art. IX 9.1)

Collections & liens

Association has a lien on each Unit for unpaid assessments, late fees, interest, and attorney's fees. Lien recorded in public records and continues for up to one year. Enforced as mortgage foreclosure. Association may purchase unit at forec (Art. IX 9.3)

Reserves & fees

Reasonable fee not to exceed $50.00 to process a transfer. (Art. XIV 14.3)

Leasing & rentals

Yes, Unit Owner may lease unit but must notify Board in writing of name and address of lessee prior to lease. (Art. XIV 14.1)

Insurance

All buildings, improvements, and personal property in Common Elements insured at maximum insurable replacement value or 100% full insurable value, whichever greater; coverage includes fire, extended coverage, vandalism, malicious mischief, (Art. XI 11.3)

Voting & meetings

Each Unit Owner is entitled to a voting interest equal to the Owner's share of ownership of the Common Elements and Common Surplus (percentage per unit: 20%,20%,30%,30%). Only one designated voter per unit. (Art. VII 7.3; Art. V 5.3)

Amendments

Amendment may be proposed by Board or by 75% of members. Adoption requires: (a) affirmative approval of not less than 75% of entire Board and 75% of voting interests, OR (b) affirmative approval of not less than 80% of voting interests. Dev (Art. XVII)

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