2845 Coconut Condominium Association, Inc.

Key facts from 2845 Coconut Condominium Association, Inc.'s documents

Community type

Condominium (Page 1: 2845 COCONUT CONDOMINIUM)

Developer / declarant

RIEPEZ GROUP LLC, a Florida limited liability company (Preamble: by RIEPEZ GROUP LLC, a Florida)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Article I: Pursuant to Chapter 718, Flor)

Assessments & dues

Guaranteed not to exceed $247.24 per month for first year (Article XVII B: assessment for the commo)

Special assessments

Permitted, must set forth specific purpose; excess funds become common surplus or refund/credit to owners (Article XVII D (end): the board shall ha)

Collections & liens

Association has a lien on each condominium parcel for unpaid assessments, interest, and attorney's fees; may foreclose like a mortgage; must give 30-day notice before foreclosure; may purchase at foreclosure sale (Article XVII J: The association has a li)

Reserves & fees

Required for capital expenditures and deferred maintenance, including roof replacement and building painting, and any item with deferred maintenance or replacement cost exceeding $10,000 (Article XVII D: the budget shall include)

Pets

Yes, but subject to restrictions (Article XV E: Pets shall never be allowe)

Leasing & rentals

Yes, implicitly; Developer has absolute right to lease; no express prohibition for owners (Article XXI: it shall have the absolute )

Parking & vehicles

Limited Common Elements include parking area abutting each unit (as depicted in exhibits); no further specific parking rules (Article V C: Limited Common Elements ...)

Fences

Not directly; but owners maintain exterior doors, gates, fences at own expense (Article XII A); alterations affecting exterior require ARC approval (Article XII A: Exterior doors, gates, fe)

Architectural approval

Yes, for alterations that affect structure, exterior, or common elements; must submit plans to Board and get unanimous board approval (Article XIX A: Unless the unit owner sha)

Home business

Prohibited by residential use only (Article XV A)

Maintenance

Upper horizontal boundary of unit is finished exterior roof covering unit - that is part of unit? Actually upper horizontal boundary is formed by finished exterior roof covering unit, so roof covering may be part of unit? But also common el (Article V A: upper horizontal boundary s)

Insurance

Casualty insurance covering all buildings and improvements, including units and common elements, for maximum replacement value; includes fire, extended coverage, vandalism, malicious mischief, windstorm, water damage, war risk if available; (Article XIII B: Required Coverage: Casua)

Use restrictions

Yes: units shall be occupied only by a family, its servants and guests, as a residence and not for other purposes (Article XV A: Each of the units shall be)

Voting & meetings

One vote per unit, regardless of number of owners (Article VIII: each unit one (1) vote (ea)

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