Island Cay at Clearwater Beach Condominium

Key facts from Island Cay at Clearwater Beach Condominium's documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium governed by Chapter 718, Florida Statutes, and also subject to Florida Vacation Plan and Timesharing Act (Chapter 721) (Submission Statement)

Units / lots

41 Units plus 1 Commercial Unit (total of 42 units) (Article III.A)

Governing law

Chapter 718, Florida Statutes (Condominium Act) and Chapter 721, Florida Statutes (Florida Vacation Plan and Timesharing Act) (Submission Statement and Article I, Defi)

Reserves & fees

Common Expenses include all required reserves for replacement and maintenance of the Property (Article I.15.d)

Leasing & rentals

Leasing is not prohibited. Non-RCI Points Participants may lease or exchange only after confirmed reservation. Developer/Managing Entity may lease unreserved Unit Periods to non-owners. (Article VII.A.1 and Article VI.B.2)

Use restrictions

Units shall be for transient resort occupancy only. No trade, business, profession or commercial activity except Developer's models, sales offices, and leasing. (Article VII.A.1)

Voting & meetings

Each Unit (including Commercial Unit) has 52 votes in the Association. Voting weighted by days of use: each 7 days = 1 vote. Biennial Timeshare Interest has half vote. Co-owners must designate one voter. (Article IV.B)

Amendments

Declaration may be amended by affirmative vote of Unit Owners owning in excess of 50% of Units (as per Original Declaration). (Recitals (Section 6.1 of Original Declar)

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