Administration of Condominium by Colonial Arms Condominium Association

Key facts from Administration of Condominium by Colonial Arms Condominium Association's documents

Reflects the 1982 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and Article I)

Legal name

COLONIAL ARMS CONDOMINIUM ASSOCIATION, INC. (Article V (page 3))

Governing law

Florida Condominium Act (Article I)

Assessments & dues

Board of Administration adopts annual budget; one-twelfth of annual assessment due monthly in advance (Article VII (page 4) – 'Board of Adminis)

Special assessments

Allowed; if not connected to actual operating/managerial/maintenance expense, requires 75% owner approval; for improvements exceeding 115% of current annual assessment also requires 75% approval (Article VII (page 4) and Article XII (pa)

Reserves & fees

Operating reserve not to exceed 15% of total projected common expenses for the year (Article VII (page 4))

Pets

Yes, one pet allowed in owner's unit (Article X(m) (page 10))

Leasing & rentals

Yes, apartment may be rented (Article X(b) (page 9))

Parking & vehicles

Trailers, boats prohibited unless permitted by Board (Article X(k) (page 9-10))

Solar & roof

Exterior color scheme determined by Association; no owner may paint exterior surfaces without consent (Article IX (page 8) and Article XI (page)

Home business

Not explicitly addressed; only residential use stated (Article X(a))

Signs & flags

No sign, advertisement, or notice on common property or any unit; exception for Developer and institutional first mortgagees (Article X(g) (page 9))

Insurance

Casualty insurance covering all improvements (building, fixtures) to maximum insurable value, including fire, windstorm, extended coverage, vandalism, malicious mischief; public liability insurance with cross-liability endorsements (Article VIII(b) (page 6-7))

Use restrictions

Yes, each apartment restricted to residential use by owner, immediate family, guests, invitees (Article X(a) (page 9))

Voting & meetings

One vote per unit; no vote for units owned by Association; multiple owners designate one voter; Developer retains vote (Article VI (page 3-4))

Amendments

By 75% of unit owners voting in person or by proxy; no amendment affecting mortgage validity or developer rights without consent of mortgagees/developer; changes to share of common ownership/expenses require unanimous vote and approval of i (Article XIII (page 10-11))

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