The Fountains

Key facts from The Fountains's documents

Reflects the 1995 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

The Fountains, Unit No. 5, Condominium Association, Inc. (Preamble and Section 4.4)

Units / lots

120 (Section 4.17: There are one hundred and )

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) (Section 4, page 1)

Special assessments

Allowed for unusual, nonrecurring or unbudgeted common expenses. (Section 10 introductory paragraph)

Collections & liens

Association has a lien on each condominium parcel for unpaid assessments, interest, attorney's fees and costs. Lien is subordinate only to a recorded first mortgage as required by the Condominium Act. Foreclosure action allowed. (Sections 10.8, 10.9, 10.10)

Reserves & fees

Common expenses include amounts budgeted for funding reserve accounts. (Section 10.1)

Pets

Yes, one small pet per unit, of a normal domesticated household type (such as a cat or dog). (Section 12.3)

Leasing & rentals

Yes, with prior written approval of the Board of Directors. (Section 13.1)

Home business

Prohibited; but personal professional library, handling personal/business telephone calls or written correspondence allowed as customarily incident to residential use. (Section 12.1)

Use restrictions

Each unit shall be occupied by only one family at any time, as a residence and for no other purpose. No business or commercial activity. (Section 12.1)

Voting & meetings

Each unit collectively entitled to one vote; total 120 voting interests (Section 4.17)

Amendments

Article XXII of original Declaration is not amended but set forth as Section 18; amendment percentage: 66 2/3% of Board and 51% of unit owners for adoption of this restatement. (Preamble and reference to Article XXII)

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