Turtle Cove Condominium of Key West

Key facts from Turtle Cove Condominium of Key West's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 2)

Governing law

Florida Statutes Chapter 718 (Condominium Act) (Section 4)

Assessments & dues

By Association based on common expenses budget; share per unit equals ownership share in common elements. (Section 7.1 and Section 20)

Special assessments

Allowed for reconstruction if insurance insufficient; requires 75% vote of voting interests for very substantial damage case (Section 11.2.2, 11.2.3.1.2)

Collections & liens

Association may foreclose assessment liens; may bring action for money judgment; receiver to collect rent during foreclosure (Section 19)

Reserves & fees

Converter Reserve Account funded by Developer with $26,602.75 total, distributed per unit as listed (Section 24)

Pets

As allowed and regulated in the rules and regulations (Exhibit D) (Section 12.5)

Leasing & rentals

Yes, entire units only (Section 13.2)

Architectural approval

Prior written approval of Board required for any alterations, additions, or removals of portions maintained by Association (Section 6.6)

Maintenance

Association (Section 6.1.8)

Insurance

Association pays all policy deductible amounts (Section 10.5.3)

Use restrictions

Prohibited; no practice, behavior, or condition that constitutes a nuisance or reasonable source of annoyance or disturbance (Section 12.6)

Voting & meetings

One vote per unit. Majority of votes present in person or by proxy at meeting with quorum binds all unit owners, unless larger percentage required. (Section 22)

Amendments

Regular amendments require 75% vote of voting interests; corrective amendments by Board alone; merger requires 100% vote; developer may amend unilaterally until turnover; mortgagee approval required for material changes (75% of mortgage vot (Section 15)

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