Building 12, Jacaranda Commercial Center Condominium Association, Inc.

Key facts from Building 12, Jacaranda Commercial Center Condominium Association, Inc.'s documents

Community type

Condominium (Section 1: submission to condominium for)

Assessments & dues

Association determines budget and assesses Common Expenses proportionally to unit ownership percentages (20% for A,F; 15% for B,C,D,E). Includes expenses to Master Association. (Section 10.1 and 10.2)

Special assessments

May be levied without unit owner approval for reconstruction if insurance insufficient (Section 14.2b). For very substantial damage, special assessment requires 2/3 vote of voting interests (Section 14.2c). (Section 14.2b and 14.2c)

Parking & vehicles

Not restricted in Declaration; may be covered by Master Association

Maintenance

Association responsible for Common Elements (Section 11.1); Unit owner responsible for Unit interior and specified items (Section 11.2). (Sections 11.1 and 11.2)

Insurance

Association procures property insurance (including windstorm, flood, etc.), liability, auto, workers comp, fidelity bonds, directors and officers liability, and optional coverage (Section 13.2). (Section 13.2)

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