Dolphin Reef Condominium Association, Inc.

Key facts from Dolphin Reef Condominium Association, Inc.'s documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Dolphin Reef Condominium Association, Inc.

Governing law

Florida Statute Section 718.116 (Section 24.07)

Assessments & dues

The Board of Directors shall have the power to fix and determine from time to time the sums necessary for common expenses (Section 24.01)

Collections & liens

Association has a lien on each condominium parcel for unpaid assessments and interest, including late fees, recording costs, court costs, and reasonable attorneys' fees; lien relates back to original recording date of Declaration (Section 24.05)

Reserves & fees

Administrative late fee as set by Board up to maximum permitted by law, currently 5% of installment or $25, whichever greater; if no Board determination, maximum applies and payment not received by tenth day of month triggers late fee (Section 24.04)

Amendments

Requires affirmative vote of not less than 75% of the entire Board of Directors and 75% of the members of the Association (Notice: "by the affirmative vote on not )

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