Beverly Terrace Manor Condominium Association, Inc.

Key facts from Beverly Terrace Manor Condominium Association, Inc.'s documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1.3: 'BEVERLY TERRACE MANOR, A C)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Section 1.1, 1.2, 2.1)

Assessments & dues

Board adopts annual budget containing estimates of costs; assessments levied in proportion to each Unit Owner's Common Interest (Section 8.1(g), 9.1)

Special assessments

Allowed with majority vote of Association membership at a duly called meeting where quorum is present (Section 8.2)

Collections & liens

Association has lien on each Condominium Parcel; effective from recording of claim of lien; 1 year to enforce; foreclosure action; Association may purchase at sale; 30-day notice required before foreclosure judgment (Sections 8.6, 8.7, 8.8)

Reserves & fees

Required for capital expenditures and deferred maintenance exceeding $10,000; operating reserve up to 10% of current annual assessment, capped at 30% (Section 9.2)

Pets

Only existing pets currently harbored; no new pets; must be registered; conditional license revocable by Association (Section 5.6)

Leasing & rentals

Yes, with prior written approval of Association (Section 11.2)

Architectural approval

Yes, prior written consent of Board for any addition, alteration, or improvement in or to Common Elements, Association Property, Unit or Limited Common Elements (Section 10.1)

Maintenance

Association (roof replacement included in reserve items) (Section 9.2(a) lists roof replacement as)

Insurance

Hazard insurance on building (including fixtures, installations within unfinished interior surfaces of perimeter walls, floors, ceilings as originally installed); extended coverage; vandalism; liability insurance ($500,000 combined single l (Sections 12.2, 12.6, 12.7, 12.8)

Use restrictions

All Units shall be used for single-family residential purposes (Section 5.1)

Voting & meetings

One voting interest per Unit; owner or designated person on Voting Certificate may cast vote; owner of multiple Units gets one vote per Unit (Section 4.4)

Amendments

Change of undivided interest requires unanimous consent of Unit Owners and Institutional Lenders (4.3); change of Unit configuration requires owner of that Unit and all lienholders join plus majority of other unit owners (3.7); general amen (Sections 4.3, 3.7, 7.1)

Amenities

Walkways, sodded areas, courtyard, laundry room, two balconies, common parking areas, landscaped areas. No pool, clubhouse, lake, gym, trails, gates mentioned. (Section 3.3)

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