Preserves at Palm Aire Condominium Association Inc

Key facts from Preserves at Palm Aire Condominium Association Inc's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (land condominium) (2017 Amended and Restated Declaration, S)

Legal name

THE PRESERVES AT PALM-AIRE CONDOMINIUM ASSOCIATION, INC. (2017 Amended and Restated Declaration, S)

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) (2017 Amended and Restated Declaration, S)

Assessments & dues

Not fixed; set by annual budget of Common Expenses (2017 Amended and Restated Declaration, A)

Special assessments

Permitted (2017 Amended and Restated Declaration, S)

Collections & liens

Lien for assessments may be filed and foreclosed (2017 Amended and Restated Declaration, S)

Reserves & fees

May charge a transfer fee not to exceed maximum permitted by law (currently $100 per applicant; husband/wife and parent/child considered one applicant) (2021 Amendment, Section 11.7)

Leasing & rentals

Yes, with restrictions (2021 Amendment, Section 11.1)

Setbacks / home size

Association determines positioning and set-back of Home on each lot (2017 Amended and Restated Declaration, S)

Maintenance

Unit Owner maintains roof (2017 Amended and Restated Declaration, S)

Insurance

Insurance policy covering Condominium property (2017 Amended and Restated Declaration, A)

Use restrictions

Residential use required (2017 Amended and Restated Declaration, S)

Voting & meetings

Voting interests distributed to Members pursuant to Condominium Act and Declaration (2017 Amended and Restated Declaration, S)

Amendments

Declaration: requires affirmative vote of not less than 75% of Board and not less than a majority of total voting interests (per 2016 amendment); Articles and Bylaws: majority of Board and majority of total voting interests or 75% of member (2016 Amendment to Declaration, Section 1)

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