Aqualea Residences Condominium Association, Inc.

Key facts from Aqualea Residences Condominium Association, Inc.'s documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and Section 1.1)

Developer / declarant

301 South Gulfview, LLC, a Delaware limited liability company (Declarant definition, Section 2.1.25)

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) (Section 2.1.1)

Assessments & dues

Association assesses Owners as a share of Common Expenses based on Allocated Interests (Section 10 (referenced), Article 5)

Special assessments

Permitted; Special Assessments and Capital Improvement Assessments defined in Section 11.2 (Section 11.2)

Collections & liens

Association has lien rights; can foreclose for non-payment; detailed in Section 11.3; notice required before foreclosure (Section 11.4); receiver may be appointed (Section 11.5); first mortgagee protections (Section 11.6) (Sections 11.3, 11.4, 11.5, 11.6)

Reserves & fees

Required by the Act; included in Common Expenses (Section 2.1.15(a))

Leasing & rentals

Yes, subject to restrictions (Section 15.6) (Section 15.6)

Architectural approval

Yes, for alterations visible from exterior or affecting structure, with prior written approval of Hotel Unit Owner (Section 8.1.1, 8.1.2). Also Declarant approval before Turnover. (Sections 8.1.1, 8.1.2)

Signs & flags

Declarant allowed to erect signs for marketing (Section 3.3.5); otherwise likely restricted (Section 3.3.5; also Section 15.12 on ext)

Maintenance

Owner maintains interior of Unit, interior surfaces, window coverings, balcony; Association maintains Common Elements and Association Property; Hotel Unit Owner maintains Shared Facilities (Article 7) (Sections 7.1, 7.2, 7.3)

Insurance

Association to purchase insurance for Common Elements and Association Property (Section 12.1, 12.2). Insured Property defined in Section 12.2.1. (Article 12)

Use restrictions

Not explicitly stated; units are for dwelling purposes (Section 3.3.9 mentions 'dwelling purposes') but likely residential (Section 3.3.9)

Voting & meetings

Each Unit Owner entitled to one vote per Unit equal to its Allocated Interest in Common Elements (Voting Interest) (Section 5.2)

Amendments

By Association with majority vote; material amendments require consent of affected Owners and mortgagees; Declarant may amend unilaterally before Turnover except for material amendments; Board may adopt corrections; must be recorded (Articl (Article 6)

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