Tmtfee Condominium Association, Inc.

Key facts from Tmtfee Condominium Association, Inc.'s documents

Community type

condominium (Name: TMTFEE, A CONDOMINIUM (Section 3))

Legal name

Tmtfee Condominium Association, Inc.

Units / lots

2 (Units A and B) (Section 5 (schedule) and Plat (Units A a)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Section 1.A, Section 2)

Assessments & dues

Board approves annual budget and levies annual assessment against each Unit (Section 16)

Special assessments

Board may levy special assessment if needed; due upon not less than 30 days written notice (Section 16)

Collections & liens

Association has liens under the Act for unpaid assessments, including interest, late fees, and attorneys' fees; remedies include foreclosure (Section 16)

Reserves & fees

Association may create reasonable reserves for major capital repairs, maintenance, improvements, and replacements (Articles of Incorporation Article 3.C)

Leasing & rentals

Yes, but Unit Owner must provide Association written notice of tenant's name, permanent address, and telephone number; Board may adopt rules requiring prior written approval of leases (Section 15)

Architectural approval

Yes, prior written consent of Developer required for exterior changes (painting, signs, structures, etc.) (Section 14.A)

Maintenance

Association maintains, repairs, and replaces roof (Section 11.A(1))

Insurance

Fire and extended coverage insurance on all insurable improvements (Common Elements and Units) for full replacement value; flood insurance at least as required by Institutional Mortgagees; public liability insurance covering Common Elements (Section 12, 13)

Voting & meetings

One vote per Unit; each Unit owner elects one Director; third Director elected by majority vote of all Unit Owners (Section 9, Articles Article 5)

Amendments

100% vote of Unit Owners required to amend Declaration, except provisions affecting ownership percentages, Developer rights, mortgagee rights, voting, termination require consent of all adversely affected; Developer may amend unilaterally f (Section 22)

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