Biltmore Parc Condominium Association, Inc.

Key facts from Biltmore Parc Condominium Association, Inc.'s documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (First paragraph: 'submitted to condomini)

Governing law

Chapter 718, Florida Statutes (Florida Condominium Act) as amended (Page 1, first paragraph; Article I(A))

Assessments & dues

Not fixed; determined annually by Board of Directors via Budget (Article XII(A): 'determine the amount of)

Special assessments

Allowed; imposed by Board if operating budget insufficient; also for capital improvements with owner approval if over $100,000 in aggregate (Article XII(A): 'impose Special Assessme)

Collections & liens

Association has lien on each Condominium Parcel for unpaid assessments, fees, interest, attorneys' fees. May foreclose like mortgage; may also obtain money judgment. 30-day notice required before filing lien (Article XII(D) and (D)(2))

Reserves & fees

Budget shall include reserve accounts to extent required by law unless waived or reduced by Owners in accordance with Act (Article XII(A): 'The Budget shall includ)

Leasing & rentals

Not explicitly addressed in provided text; there is mention of 'rents, profits and revenues' in Common Surplus definition, but no lease restrictions (Article I(K); no explicit leasing sectio)

Fences

Not specifically mentioned; but any changes to appearance require Board approval (Article XI(A) general requirement)

Architectural approval

Yes, prior written consent of Board of Directors required for any additions, alterations, or improvements to Unit or Limited Common Elements or Common Elements, including painting, electrical, etc. (Article XI(A): 'No Owner shall cause or )

Home business

Not explicitly addressed in provided text (No mention)

Signs & flags

Developer may erect signs (Article IV(F)). Owners likely restricted by architectural rules, but not specified. (Article IV(F): 'to erect signs and other)

Maintenance

Association responsible for roof repairs/replacements (common element); but easement for roof access reserved (Article IV(G): 'an easement is hereby re)

Insurance

Reasonable deductible provisions determined by Board of Directors; premiums paid as common expense; reserve for deductible may be established (Article XIII(B)(1) and (C))

Use restrictions

Units are Residential Units; defined as such (Article I(V): 'Residential Unit means an)

Voting & meetings

Each Unit entitled to one (1) vote, cast by its Owner in accordance with By-Laws (Article VII(B))

Amendments

General amendments: Proposed by Board or 1/3 of members; approved by majority of Unit Owners present at meeting (quorum required). Developer may amend for corrections without owner consent if not materially affecting rights. Mortgagee conse (Article IX (A through E))

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