Eudora Reserve Land Condominium Association, Inc.

Key facts from Eudora Reserve Land Condominium Association, Inc.'s documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Non-Residential Land Condominium (Section 1.2: "Developer hereby submits t)

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) (Section 1.2 and Section 2.1: "Act means )

Assessments & dues

Board of Directors prepares annual budget and allocates Common Expenses among Unit Owners according to percentage ownership in Section 5.1 (Section 14; Section 5.1)

Special assessments

Levyable by Board; if aggregate in any year exceeds $25,000 or causes total assessments to exceed 125% of preceding year, majority of voting interests must approve (Section 15.2: "provided that, if the agg)

Collections & liens

Association has lien on each Condominium Parcel; recorded claim of lien; foreclosure action in same manner as mortgage; can accelerate installments upon 30 days notice after recording claim of lien. (Section 15.3, Section 15.4)

Reserves & fees

Included in Common Expenses; waivable as permitted by Act (Section 2.12: "all reserves established )

Leasing & rentals

Yes; any Unit may be leased for uses and development consistent with Declaration and applicable laws. (Section 11.2: "Any Unit may be leased fo)

Signs & flags

Unit Owner responsible for signage on Unit or Limited Common Elements; must be maintained; Association may enforce if not maintained. (Section 11.3: "each Unit Owner shall be )

Maintenance

Unit Owner: maintains Unit, Limited Common Elements, and Improvements thereon (Section 7.1). Association: maintains Common Elements, Association Property, and certain Limited Common Elements (like parking areas) (Section 7.2). Association a (Sections 7.1, 7.2)

Voting & meetings

Unit 1: 15 votes; Unit 2: 49 votes; Unit 3: 10 votes; Unit 4: 8 votes; Unit 5: 3 votes; Unit 6: 15 votes (total 100 votes) (Section 5.2)

Amendments

By Association: requires 2/3 vote of voting interests. Material Amendments: require joinder of all record owners and mortgagees. Developer can amend alone during control period (except Material Amendments). Mortgagee consent needed for amen (Sections 6.1, 6.2, 6.3, 6.5)

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