Island Cove of Cape Coral Condominium Association, Inc.

Key facts from Island Cove of Cape Coral Condominium Association, Inc.'s documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and body (e.g., "ISLAND COVE CONDO)

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) (References to Condominium Act throughout)

Assessments & dues

Annual budget adopted by Board; mailed to owners at least 14 days before adoption; assessments paid monthly or quarterly as determined by Board (Bylaws §6.2, §6.5)

Special assessments

Allowed; must be noticed at least 14 days in advance with description; funds must be spent for stated purpose; unused funds returned or credited (Bylaws §6.6)

Collections & liens

Not detailed; fines do not become a lien, but court action may be taken (Bylaws §8.1: "No fine may become a lien )

Reserves & fees

Required per Condominium Act for capital expenditures and deferred maintenance; may be reduced or waived by member vote; operating and reserve funds must be accounted for separately (Bylaws §6.3)

Leasing & rentals

Yes, but Unit Owner who leases may not use Common Elements during lease term (Amendment to Paragraph 13.5: "a Unit Own)

Parking & vehicles

Roadway and parking along roadway are part of Master Association Common Area (Amendment to Paragraph 12.4: "The roadwa)

Maintenance

Association responsible for common elements, including Amenities Center; Master Association responsible for certain common areas; expenses are common expenses (Amendment to Paragraph 7.3: "Amenities C)

Insurance

Not detailed; Board authorized to carry insurance (Bylaws §4.17.9: "To carry insurance for )

Use restrictions

Not explicitly stated in this excerpt; assumed from condominium nature (No direct mention)

Voting & meetings

One vote per Unit; joint owners must agree; artificial entities vote through designated Primary Occupants (Bylaws §2.2)

Amendments

Bylaws may be amended by proposal from Board or petition of 1/4 of Voting Interests; then submitted to vote at next annual meeting; requires majority vote unless law requires more (Bylaws §9 (9.1-9.3))

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