1785 Marseille Drive Condominium Association, Inc.

Key facts from 1785 Marseille Drive Condominium Association, Inc.'s documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1.2, 2.14)

Legal name

1785 MARSEILLE DRIVE CONDOMINIUM ASSOCIATION, INC. (Section 2.5, 7.1)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Section 1.1, 1.2)

Assessments & dues

Initial guaranteed amounts: Unit 1 $202.06; Unit 2 $202.26; Unit 3 $196.82; Unit 4 $198.52 (Section 8.9)

Special assessments

May be levied by Board if budget insufficient or emergency, subject to majority vote of Association membership at a meeting with quorum. Before turnover, Developer's written approval required for capital improvement assessments. (Section 8.2)

Collections & liens

Association has a lien on each condominium parcel for unpaid assessments. Lien effective from recording of claim of lien (as to first mortgages). Foreclosure action may be brought. Notice required 30 days before filing if not contested. Ass (Section 8.6, 8.8)

Reserves & fees

Required for capital expenditures and deferred maintenance (roof, painting, pavement, items over $10,000). May be waived by majority vote. Also general operating reserve up to 10% of annual assessment until 30% threshold. (Section 9.2)

Use restrictions

Each Unit shall be used as a residence only, except Developer may use for model, sales, or management. (Section 5.1)

Voting & meetings

One vote per Unit; only one voting interest per Unit. Co-owners must designate one person via Voting Certificate. (Section 4.4, 2.30)

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