The Palace at Bal Harbour Condominium Association, Inc.

Key facts from The Palace at Bal Harbour Condominium Association, Inc.'s documents

Reflects the 1996 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and throughout)

Governing law

Chapter 718, Florida Statutes (Declaration, page 1: "pursuant to Chapte)

Assessments & dues

Set by Board via annual budget; not fixed in declaration (Article XIV-A, B)

Special assessments

Allowed if assessments insufficient or in emergencies (Article XIV-C) (Article XIV-C)

Collections & liens

Association has lien on each Unit for unpaid assessments, can foreclose like mortgage (Article XIV-G, H)

Reserves & fees

Board may include sum for replacement reserve and general operating reserve (Article XIV-C.1, .2)

Pets

Only with written authorization from Board of Directors (Article IX-C)

Leasing & rentals

Yes, entire Unit only; written lease approved by Association; minimum 12-month term (Article IX-H)

Parking & vehicles

At least one parking space per Residential Unit designated as limited common element assigned by Developer; unassigned spaces are common elements (Article IV-H)

Architectural approval

Yes, for alterations to Units, Limited Common Elements, Common Elements; also for exterior changes (Article XII-B, E; Article IX-D, I)

Use restrictions

Yes, each Unit (excluding Cabana Units) shall be used as a residence only (Article IX-A)

Voting & meetings

Each Residential Unit: one vote; each Cabana Unit: fractional vote (num of cabana units owned / total cabana units). (Article IV-E(5); Article XI-D)

Amendments

By 75% of Board and 75% of membership, or 90% of membership; until first election, by all Directors. Also Association can correct errors with Board approval or majority of Unit Owners. Developer can amend for legal description corrections w (Article VIII)

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