308 56th Street Land Condominium Association, Inc.

Key facts from 308 56th Street Land 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 (Title and Section 1)

Legal name

56th Street-Holmes Beach Condominium Land Association, Inc. (Section 3.4)

Governing law

Florida Condominium Act (Chapter 718 of the Florida Statutes) (Section 2.2, Section 3.1)

Assessments & dues

Not fixed; determined annually by Board. During Developer's Guaranty Period, monthly assessment for non-developer units shall not exceed $200.00 (Section 12 and Section 13.7)

Special assessments

Board may levy Special Assessments and Capital Improvement Assessments; payable in lump sum or installments as Board determines (Section 13.1(b))

Collections & liens

Association has lien on each condominium parcel for unpaid assessments; may foreclose like a mortgage; must give 30 days notice before foreclosure judgment (Sections 13.2, 13.4)

Reserves & fees

Unpaid assessments bear interest at the highest lawful rate from due date (Section 13.2)

Architectural approval

For additions/alterations/improvements to Common Elements: prior written consent of Board required. For changes to Unit or Limited Common Elements: no approval needed if no structural affect on other Unit or party wall, and no unreasonable (Sections 10.1 and 10.2)

Voting & meetings

Each Unit Owner is a member; each Unit entitled to one vote (Section 6.2)

Amendments

By Association: approval of >66 2/3% of Board or >66 2/3% of Unit Owners. By Developer during control period for corrections, compliance, etc. Amendments recorded in public records. (Section 7.1, 7.2, 7.3)

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