The Village on Cortez Condominium Association, Inc.

Key facts from The Village on Cortez Condominium Association, Inc.'s documents

Reflects the 2025 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1: 'resubmitted to condominium o)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Section 1, Section 5.1)

Assessments & dues

Board adopts annual budget; assessments are pro rata based on Common Ownership percentages in Exhibit C (Section 11.1, Section 11.1.1)

Special assessments

May be levied with assent of majority of Members present and voting at a meeting (Section 11.1.3: 'shall have the assent o)

Collections & liens

Association has lien for unpaid assessments; foreclosure requires 45-day notice; lien subordinate to first mortgage (Section 11.6, 11.7)

Reserves & fees

General operating reserve may be established up to 10% of current annual assessment (Section 11.1.2: 'shall not exceed ten pe)

Voting & meetings

Each Unit entitled to one vote, cast by its Owner (Section 8.3: 'Each Unit shall be entitle)

Amendments

Declaration Article 8 and Bylaws Article 13 amended to require at least two-thirds (2/3) of Voting Interests for amendment approval (Amendment dated Feb 11, 2025: 'amendment)

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