Galloway Lakefront Condominium Association, Inc.

Key facts from Galloway Lakefront Condominium Association, Inc.'s documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

GALLOWAY LAKEFRONT CONDOMINIUM ASSOCIATION, INC. (Section 1.3)

Developer / declarant

GALLOWAY LAKEFRONT DEVELOPMENT, INC. (Section 1, introductory paragraph)

Governing law

Florida Condominium Act, Chapter 718 (Section 2.1 ("Act" definition))

Special assessments

May be levied by Board if assessments insufficient or emergency arises, subject to majority vote of Association membership at a duly called meeting with quorum. Funds used only for specified purpose. (Section 8.2)

Collections & liens

Association has a lien on each condominium parcel for unpaid assessments. Lien effective from recording of claim of lien (as to first mortgages). Association may foreclose lien or recover money judgment. Foreclosure action may be brought af (Sections 8.6, 8.7, 8.8)

Reserves & fees

Greater of $25 or 5% of each delinquent installment. (Section 8.1(g))

Pets

Up to two domesticated pets per unit, provided allowed by law and not a nuisance. (Section 5.6)

Leasing & rentals

Yes, with restrictions. Minimum lease term 30 days. Written notice to Association required before accepting offer, and copy of executed lease within 10 days. (Sections 5.7, 11.01, 11.02)

Signs & flags

No 'For Sale' or 'For Rent' signs or advertisements on Condominium Property except Developer may place such signs on unsold units. (Section 5.14)

Use restrictions

Each Unit shall be used as a residence only. (Section 5.1)

Voting & meetings

One vote per unit. If multiple owners, one designated voter; vote indivisible. (Section 4.4)

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