Gateway Commons I Condominium Association, Inc.

Key facts from Gateway Commons I 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 (Article I)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Article I)

Assessments & dues

Set by Board annually based on budget. (Article XVII.C: 'The Board shall establi)

Special assessments

Allowed; Board may levy additional assessments if budget insufficient or in emergencies. Must state specific purpose in notice. (Article XVII.C: 'the Board shall have th)

Collections & liens

Association has a lien on each unit for unpaid assessments, interest, and costs. Lien may be foreclosed in circuit court. Association may accelerate installments. (Article XVII.J and K (lien), Article XVI)

Reserves & fees

Required for capital expenditures, deferred maintenance, and replacement. Amount computed based on estimated useful life and replacement cost. Unit owners may vote to reduce or eliminate reserves (requires 51% vote). (Article XVII.D)

Leasing & rentals

Yes, but subject to restrictions. (Article XV.A)

Parking & vehicles

Not specifically addressed, but 'advertising vehicles' are included in the 24-hour limit. (Article XV.E, rule 5)

Architectural approval

Board approval required for construction, alteration, or removal in common elements. For units, see Article XIX (not fully provided). (Article XV.E, rule 1; Article XIX (refer)

Home business

Allowed only as office, retail, or professional service use within the unit. No further restrictions stated. (Article XV.A)

Maintenance

Unit Owner: maintains unit, fixtures, equipment, appliances exclusively serving unit. Association: maintains Common Elements. Limited Common Elements: owner keeps clean; Association repairs/replaces; but owner pays for screening/glass/decki (Article XII.A, B, C)

Insurance

Casualty insurance on all buildings and improvements for fire, extended coverage, flood (if required), public liability, workers' compensation, fidelity bonds, directors & officers liability. (Article XIII.B)

Use restrictions

Prohibited. No use which is a source of annoyance or interferes with peaceful possession. Condominium property must be kept clean and sanitary. (Article XV.C)

Voting & meetings

Each unit has a number of votes (Voting Interest) set forth in Exhibit B, based on square footage. Voting interest is appurtenant to the unit. (Article X: 'There shall be appurtenant .)

Amendments

Requires affirmative vote of 66-2/3% of Voting Interest (or written consent). Certain amendments require joinder of affected owners and mortgagees. Developer may amend for certain purposes while owning units. (Article XI.C and G)

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