Futura Sansovino Condominium Association, Inc.

Key facts from Futura Sansovino Condominium Association, Inc.'s documents

Community type

condominium (Throughout document)

Governing law

Chapter 718 of the Florida Statutes (Condominium Act) (Section 2.1 (Definitions, Act))

Reserves & fees

Annual budget shall establish reserves for roof replacement, building painting, pavement resurfacing, and any other maintenance or replacement item costing over $10,000, unless majority of members vote to eliminate or reduce. (By-Laws Section 7.1(d) (Reserves))

Leasing & rentals

Entire units may be rented for terms of 4 months or longer, occupancy by only one family. No rooms may be rented. No transient tenants. Leases less than 4 months prohibited. (Section 9.5 (Leasing))

Parking & vehicles

Each Unit is entitled to exclusive use of one assigned parking space. Developer may assign up to 5 additional spaces. Unit owners may reassign spaces by recorded instrument. Guest parking spaces are for guests of Unit Owners. (Section 3.3 (Limited Common Elements - P)

Architectural approval

Alterations to portions maintained by Association require written approval of owners of all units where work is done, institutional mortgagees, and Board of Directors. Changes to exterior appearance require approval of 75% of owners at meet (Sections 7.1(c), 7.3(b))

Insurance

Unit Owners should purchase insurance for their personal property, personal liability, living expense, and flood damage. (Sections 13.1(f), 13.8)

Use restrictions

Units shall be occupied only as a residence by the individual owner, family, servants, and guests. (Section 9.1 (Use Restrictions - Units))

Voting & meetings

Each Unit is entitled to one vote, cast by its Owner in accordance with By-Laws and Articles of Incorporation (Section 4.2 (Voting))

Amenities

Recreation Area includes recreation room, pool and pool deck, and all equipment and fixtures. (Section 2.17 (Definitions, Recreation Ar)

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