Varese

Key facts from Varese's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Section 1)

Governing law

Chapter 718, Florida Statutes (Section 1)

Assessments & dues

The Board estimates Common Expenses and levies Assessments in proportion to each Unit's interest in Common Elements as set forth in Exhibit F (Sections 13A, 13B)

Special assessments

Any assessment levied against Unit Owners other than the assessment required by an annual budget; Board may levy Special Assessments (Section 2U, Section 13C)

Collections & liens

Association has a lien upon each Condominium Parcel to secure payment of all monies due; liens may be foreclosed by suit (Section 13G, 13H)

Reserves & fees

Board may include sums for a reserve fund for replacement of Common Elements and a general operating reserve (Section 13C(1), (2))

Voting & meetings

Each Unit Owner is entitled to a vote equal to that Unit's percentage ownership in Common Elements (Section 9D)

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