Lwr Main Street Condominium

Key facts from Lwr Main Street Condominium's documents

Community type

Land Condominium as of 2015 (Declaration title)

Legal name

LWR Main Street Owners Association, Inc. as of 2015 (Declaration Article II, definition of As)

Developer / declarant

LWR MAIN STREET LLC as of 2005 (Page 1)

Governing law

Chapter 718, Florida Statutes (Condominium Act) as of 2015 (Declaration Article I, Purpose)

Assessments & dues

Board approves annual budget; assessments paid annually in advance as of 2005 (Article VII.1)

Special assessments

Board may levy special assessments for unanticipated expenditures, payable as Board determines as of 2015 (Declaration Article VII, Section 1)

Collections & liens

Association has lien for unpaid assessments; foreclosure like mortgage; subordination to mortgages as of 2005 (Article VII.3)

Reserves & fees

May be imposed if unpaid more than 10 days after due, after written notice as of 2005 (Article VII.2)

Insurance

Unit Owner should obtain coverage for personal property, structures on Unit, liability as of 2005 (Article IX.2)

Use restrictions

Subject to Master Declarations, Main Street Declaration, county laws; no prohibition on leasing; Company may not adopt supplemental rules as of 2015 (Declaration Article XII, Sections 1 and )

Voting & meetings

One vote per Unit; if Unit owned by multiple persons or entity, a designated individual casts the vote as of 2015 (Declaration Article V, Section 1)

Amendments

Requires approval of all Unit Owners given in writing or at a meeting; except as otherwise provided (e.g., Developer's unilateral amendments under Article III, Section 5); recorded certificate as of 2015 (Declaration Article XIV, Sections 2-3)

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