Virginia Palms Villas Condominium Association, Inc.

Key facts from Virginia Palms Villas Condominium Association, Inc.'s documents

Reflects the 1981 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

VIRGINIA PALMS VILLAS CONDOMINIUM ASSOCIATION, INC.

Developer / declarant

PETER J. McCLASH

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Article I 1.1, Article II 2.2, Declarati)

Assessments & dues

By Board of Administration via annual budget; initial assessment determined by Board; if not set, presumed same as prior year (Bylaws 6.2, 6.4)

Special assessments

Permitted for emergencies; requires notice and approval by more than 1/2 of votes of affected unit owners; due after 30 days notice (Bylaws 6.6)

Collections & liens

Association has lien for unpaid assessments, interest, late charges, and attorney's fees; foreclosure similar to mortgage foreclosure; receiver may be appointed to collect rent pending foreclosure (Declaration 7.4, 7.5)

Reserves & fees

Required: accounts for deferred maintenance, replacement, betterments; budget includes reserves according to good accounting practices (Bylaws 6.1(b),(c),(d), 6.2)

Pets

Yes, only domestic household pets, subject to reasonable rules adopted by Board (Declaration 8.6(d))

Leasing & rentals

Yes, as a single-family residence; tenants are permitted occupants (Declaration 8.6(c), 10.2)

Architectural approval

Yes, for alterations to portions maintained by Association (structural) and for any exterior alteration; written consent of Board required; plans by licensed architect must be filed (Declaration 6.4, 6.6, 8.6(e), 10.7)

Maintenance

Association maintains: all common elements, load-bearing walls, conduits, ducts, plumbing, wiring servicing multiple units, and property owned by Association. Unit owner maintains: interior surfaces (walls, ceiling, floors), fixtures, and p (Declaration 6.2, 6.3; 8.6(a),(b),(j))

Insurance

Buildings and improvements insured at maximum insurable replacement value excluding foundation/excavation; coverage includes fire, extended coverage, vandalism, malicious mischief, and other customary risks; public liability insurance also (Declaration 9.3, 9.4)

Use restrictions

Yes; units occupied only as a single-family residence by owner, family, servants, guests, tenants (Declaration 8.6(c), 10.2)

Voting & meetings

One vote per unit; for multi-ownership or lease, person designated by certificate; corporation designates by officer certificate (Declaration 8.1; Bylaws 2.5; Articles Ar)

Amendments

Declaration: by resolution; notice in meeting notice; requires unanimous Board OR 75% unit owners and majority Board until first election of administrators; later, 75% unit owners and majority Board; no amendment discriminating against unit (Declaration Article XII; Bylaws Article )

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