East Wind of Vero Condominium Association, Inc.

Key facts from East Wind of Vero Condominium Association, Inc.'s documents

Community type

Condominium

Legal name

East Wind

Developer / declarant

EASTWINDS DEVELOPMENT CORPORATION

Governing law

Chapter 718, Florida Statutes, 1977 (Purpose, paragraph 1)

Assessments & dues

Established by Board in annual budget; each unit pays 1/18 share of common expenses. (Paragraph 8, Paragraph 12a)

Special assessments

May be made by Board from time to time to meet other needs, emergencies, repair, replacements, infrequent maintenance. (Paragraph 12b)

Collections & liens

Lien under Section 718.116 Florida Statutes secures assessments, costs, attorney fees. If delinquency not cured within 60 days, balance becomes due and Association may foreclose. Lien also secures attorney's fees and costs. (Paragraph 12e, 12g)

Reserves & fees

Operating reserve not to exceed 15% of total projected Common Expenses for the year. (Paragraph 12a)

Leasing & rentals

Yes, subject to Association right of first refusal and Board approval. Lease must comply with rules; lessee subject to declaration. Lease may not be extended or assigned without Board approval; subleasing requires approval. (Paragraph 24)

Parking & vehicles

Limited Common Property: 36 designated parking spaces; Developer assigns to units; after 5 years unassigned spaces become common property. Association may assign parking spaces (other than those appurtenant) by rules. (Paragraph 3c, Paragraph 5, Paragraph 23)

Architectural approval

Structural modifications or alterations require prior written consent of Association. Exterior changes, painting, decoration require prior written consent. Association determines exterior color scheme. (Paragraph 20)

Maintenance

Not explicitly stated; roof likely common element (building exterior). Association responsible for common property maintenance. (Paragraph 13)

Insurance

Association must obtain casualty insurance covering all improvements (buildings, exterior and interior, fixtures) in amount equal to maximum insurable replacement value (or 80% coinsurance basis). Coverage includes fire, windstorm, extended (Paragraph 14a, 14b)

Use restrictions

Each Unit is restricted to single family, private residential use. (Paragraph 21)

Voting & meetings

One vote per Unit. Owner of multiple units has multiple votes. (Paragraph 4)

Amendments

Not fully in provided excerpts; reference to amendment for changes after casualty (Paragraph 14e) implies amendments possible but procedure not specified. (Paragraph 14e)

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