Oak Park Terrace

Key facts from Oak Park Terrace's documents

Reflects the 1974 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Throughout document)

Developer / declarant

Edgar L. Schlitt, as Trustee, and Nelson C. Hyatt, as Joint Venturers, doing business as OAK PARK TERRACE (Preamble)

Governing law

Chapter 711, Florida Statutes (Condominium Act) (Section 1)

Assessments & dues

Not fixed; share of common expenses based on undivided interest (6.25% per unit) (Section 6.1)

Special assessments

Not explicitly named; but assessments for reconstruction after casualty (Section 9.5) and for additional facilities (Section 16) are provided (Sections 9.5, 16)

Collections & liens

Association has lien for unpaid assessments securing reasonable attorney's fees; foreclosure may result in appointment of receiver to collect rent; first mortgagee acquiring title not liable for prior assessments unless lien recorded before (Sections 6.3, 6.4, 6.5)

Pets

Domesticated pets allowed only upon written approval of Board of Directors and subject to rules (Section 10.9)

Leasing & rentals

Yes, entire apartments may be rented after approval by Board (Section 10.5)

Parking & vehicles

One designated space per apartment; no trucks, bicycles, motorcycles, trailers, boats without permission; parking only in accordance with Association regulations (Section 3.7(a) and 4.3(c))

Architectural approval

Yes for alterations in portions maintained by Association (Section 5.1(c)); also for changes to common elements (Section 5.2(b)); for apartment interior surfaces not covered but exterior changes require consent (Section 10.10) (Sections 5.1(c), 5.2(b), 10.10)

Home business

Not allowed (only residential use) (Section 10.1)

Signs & flags

"For Sale" signs not allowed without written consent of Association (Section 10.10)

Setbacks / home size

Two floors (ground and second) (Section 3.5(a))

Maintenance

Roof is part of building exterior; likely Association responsibility (exterior walls maintained by Association per Section 5.1(a)(1) - load-bearing walls; roof structure probably similar); not explicitly stated but implied (Section 5.1(a)(1))

Insurance

All buildings and improvements at maximum insurable replacement value; personal property at value; against fire and extended coverage; also public liability, workers' comp, and other risks as determined (Section 8.2)

Use restrictions

Yes; each apartment occupied only by a family, its servants and guests as a residence (Section 10.1)

Voting & meetings

Each apartment owner's vote corresponds to undivided share in common elements (Section 7.1, 4.3(a) – 6.25% each) (Section 7.1 and 4.3(a))

Amendments

Notice of meeting with subject; resolution by Board or members; approval may be by 75% of entire Board and 75% of entire membership, or 80% of entire membership, or until first election only by all directors. No amendment discriminating aga (Section 13)

Amenities

Parking areas, storage space, and possibility of recreational facilities on adjoining lands owned by Association (Section 16) (Sections 3.7, 4.3(b), 16)

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