Midway Estates (FL)

Key facts from Midway Estates (FL)'s documents

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

Community type

Cooperative mobile home park (Articles Article IV: 'operation of a coo)

Units / lots

203 (Articles Article V, Section 1: 'two hund)

Developer / declarant

MIDWAY ESTATES CO-OP, INC. (Certification and Declaration title)

Governing law

Chapters 617 and 719, Florida Statutes (Articles Article IV)

Age restriction

Each Member and all occupants must be at least 55 years of age unless otherwise approved by the Corporation (Bylaws Section 3.1)

Assessments & dues

Set annually by Board of Directors (Bylaws Section 8.2(d))

Special assessments

Emergency assessments after 30 days notice; also board may amend budget (Bylaws Sections 10.2, 10.4)

Collections & liens

Corporation has lien on Occupancy Agreement and Membership Certificate; may foreclose after 30 days notice; lien inferior to corporation's mortgagees (Bylaws Sections 10.6, 10.8)

Reserves & fees

Required for capital expenditures and deferred maintenance; may not be used for other purposes without majority member vote (Bylaws Section 9.2(o))

Leasing & rentals

Provision partially present: 'A Member may rent his ...' (incomplete); appears renting is allowed but further restrictions not shown (Bylaws Section 15.5 (cut off))

Voting & meetings

One vote per Membership Certificate; majority vote governs unless greater required (Articles Article V, Section 5; Bylaws Se)

Amendments

Articles: majority of Members; Bylaws: initially by majority of Board, thereafter by majority of Members (Articles Article XII; Bylaws Article XI)

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