Palm Estates at Vero Beach Condominium Association, Inc.

Key facts from Palm Estates at Vero Beach Condominium Association, Inc.'s documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1.2, 1.3)

Legal name

Palm Estates at Vero Beach Condominium Association, Inc. (Section 2.4)

Units / lots

153 (Section 3.1)

Governing law

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

Assessments & dues

Board of Directors prepares a budget at least annually, determines Assessments, and allocates among Unit Owners in accordance with Declaration and Bylaws (Section 12)

Special assessments

Yes, defined and subject to notice requirements; funds used only for stated purpose or returned as Common Surplus (Section 2.27, Section 13.9)

Collections & liens

Association has a lien on each Condominium Parcel for unpaid Assessments; claim of lien may be recorded; foreclosure action may be filed; notice of intent required at least 30 days before judgment (Section 13.2, 13.3)

Reserves & fees

Greater of $25.00 or 5% of each delinquent installment, per late installment (Section 13.2)

Architectural approval

Yes, for any addition, alteration, or improvement by a Unit Owner to the Common Elements, his Unit, or any Limited Common Elements, prior written consent of Board of Directors is required (Section 9.1)

Signs & flags

Developer reserves right to erect signs and promotional material for advertising Units and parking spaces (Section 3.4(f)). No general restriction on signs for Unit Owners. (Section 3.4(f))

Voting & meetings

Each Unit entitled to one vote; Owner casts vote; each Owner is a member of the Association (Section 5.2)

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