Coconuts Condominium

Key facts from Coconuts Condominium's documents

Community type

Condominium

Legal name

Coconuts Condominium

Governing law

Florida Condominium Act (Chapter 718) (Section 2.a Definitions - Act)

Assessments & dues

Based on annual budget for common expenses; proportional to ownership percentage (Section 7.b and 8)

Special assessments

Determined by Board for extraordinary expenses (Section 8.d)

Collections & liens

Assessment secured by lien; priority subject to institutional mortgage; interest 18% per annum; foreclosure per Act (Section 8.a and 8.b)

Reserves & fees

Mentioned as possible common expense (Reserves as determined) (Section 7.b(13))

Leasing & rentals

Units may be used as rental units (Section 12.a)

Parking & vehicles

Designated parking areas; only automobiles, station wagons, pickup trucks 3/4 ton or less, and SUVs primarily for personal passenger service; no commercial vehicles (Section 12.g)

Architectural approval

Owner must notify Association not less than 30 days prior to interior alterations; Association may request verification of structural integrity and sound transmission (Section 9.e)

Home business

Not explicitly prohibited, but use limited to residential or rental (Section 12.a)

Maintenance

Association maintains exterior including roof? Section 9.f(1) includes outside walls, but roof not explicitly; roof is part of structural maintenance? Likely Association. (Section 9.f)

Insurance

Reasonable deductible provisions as determined by Board (Section 10.b(1))

Use restrictions

Units for single family residence or rental unit (Section 12.a)

Voting & meetings

Equal vote per Unit (Section 7.c Action by Owners)

Amendments

Amendment by vote or written consent of not less than 13 of the voting interest (members); effective upon recording certificate of amendment (Section 14)

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