Crown Oaks

Key facts from Crown Oaks's documents

Reflects the 1971 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and throughout)

Governing law

Common Law of Florida and all applicable Statutes (By-Laws Article I Section 1)

Special assessments

Permitted for needed expenses; improvement special assessment exceeding 25% of current regular annual assessment requires unanimous consent of voting members (Para 6 (power to levy special assessment)

Collections & liens

Corporation has lien on condominium parcel for unpaid assessments and interest; lien effective upon recording of claim of lien; may foreclose after 60 days delinquency; owner liable for costs and attorneys' fees; lien subordinate to institu (Para 6)

Reserves & fees

Mentioned as 'replacement reserve, if any' in budget items (Para 6)

Voting & meetings

One vote per unit; owners of unit collectively entitled to one vote; no vote for unit owned by managing non-profit corporation (Para 5)

Amendments

By recording modification signed by owners of 25 or more units and all holders of first mortgage liens; but developer may amend until 80% of units sold (with consent of all institutional first mortgagees); unanimous consent needed to change (Para 11)

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