Parkway Professional Center Condominium Association, Inc.

Key facts from Parkway Professional Center Condominium Association, Inc.'s documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Commercial Condominium (Title)

Legal name

Parkway Professional Center Condominium Association, Inc. (Section 3.2)

Units / lots

Initially four (4) Units (Section 4)

Developer / declarant

Crestwood Business Park, L.L.C., a Florida limited liability company (Opening paragraph)

Governing law

Florida Statutes Chapter 718 (Florida Condominium Act) (Section 1)

Special assessments

Permitted for reconstruction after casualty when insurance insufficient (Section 10.2.2); also for larger water lines (Section 6.6) (Sections 10.2.2, 6.6)

Leasing & rentals

Developer may lease unsold Units (5.4.6); no specific restrictions on Unit Owner leasing (Section 5.4.6)

Parking & vehicles

Parking areas are Common Elements or Limited Common Elements; Association adopts regulations; no broken-down vehicles; no outdoor storage or overnight parking without Board approval (Sections 7.2, 11.4, 11.5)

Architectural approval

Yes, Board of Directors must approve any alteration to Common Elements, Limited Common Elements, or structural modification to Unit; Board may appoint Architectural Review Committee; also Design Review Committee of Master Association review (Sections 6.5, 6.6)

Use restrictions

Units shall be used for non-residential uses as permitted by zoning; each Unit's specific commercial use initially approved or as approved by Board (Section 11.2)

Voting & meetings

Each Unit has a number of votes equal to its percentage interest in Common Elements and Common Surplus; cast by owner or proxy (Sections 3.21, 20)

Amendments

Regular amendments require 67% vote of voting interests present at meeting (Section 13.3); Developer may amend without joinder until turnover (13.4); Board may adopt corrective amendments (13.2); amendments materially affecting mortgagees r (Section 13.1-13.6)

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