Vilazul Seaside Lofts Condominium Association, Inc.

Key facts from Vilazul Seaside Lofts Condominium Association, Inc.'s documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Section 1.3: 'the name by which this con)

Legal name

Vilazul Seaside Lofts Condominium Association, Inc. (Section 2.4: "Association" means Vilazul)

Governing law

Florida Condominium Act (Chapter 718 of the Florida Statutes) (Section 2.1: "Act" means the Condominium)

Special assessments

Defined as any assessment levied other than the Assessment required by annually adopted budget. Specific purpose must be set forth in written notice; funds used only for that purpose or returned. Excess funds become Common Surplus. (Sections 2.25, 13.10)

Reserves & fees

Greater of $25.00 or five percent of each installment of the Assessment (and Special Assessment to extent allowed by law) for each delinquent installment. (Section 13.2)

Parking & vehicles

Parking restricted to designated parking spaces noted on Exhibit B. Each Unit assigned one parking space via separate written assignment (not recorded). Developer reserves right to assign spaces for so long as it owns any Unit for sale. Add (Section 3.3(c))

Voting & meetings

Each Unit is entitled to one vote cast by its Owner in accordance with Bylaws and Articles; Unit Owner may personally cast his/her own vote (Section 5.2; also Section 5.2: 'each Uni)

Amendments

Amendments generally require affirmative vote representing in excess of 75% of voting interests of all Unit Owners (Section 6.1). Material amendments (changing Unit size, appurtenances, percentage shares, or permitting timeshare) require jo (Sections 6.1, 6.2, 6.3, 6.4)

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