Indigo Villas

Key facts from Indigo Villas's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (land condominium) (Section I: 'This is a land condominium.')

Legal name

Indigo Villas Condominium Association, Inc. (Page 5, Article V)

Developer / declarant

Indigo Vero, LLC (Page 2)

Governing law

Florida Condominium Act (Section I: 'The provisions of the Florid)

Assessments & dues

Not fixed; initial monthly assessment $1,502.00 per unit (as of recording); during developer guarantee period, regular assessments for non-developer units not to exceed $1,180.97 per month. (Section VII: 'The present monthly assess)

Special assessments

Board may levy special assessments; any special assessment exceeding $500 not connected with operating, managerial, or maintenance expenses requires approval by majority of unit owners. (Section VII: 'any special assessment in )

Collections & liens

Association has lien on each condominium parcel for unpaid assessments, interest, attorney's fees; lien effective from recording of original declaration as to non-first mortgages, and from recording of claim of lien as to first mortgages; l (Section VII: extensive provisions on lie)

Reserves & fees

mentioned as part of budget: 'replacement and operating reserve' (Page 7, Article VII)

Pets

Yes: 'Pets shall be allowed to be kept in the owner’s unit.' (Section X: Pets paragraph)

Leasing & rentals

Yes, improvements may be rented but occupancy only by one lessee and immediate family and guests. (Section X: 'The Improvements to be const)

Parking & vehicles

Parking spaces only for automobiles, SUVs, non-commercial pickup trucks; other vehicles must park in designated areas; limit 2 vehicles per unit without consent; no overnight camping in RVs. (Pages 20-21, Article X)

Architectural approval

For hurricane shutters: Association must act within 30 days, otherwise deemed approved. (Page 22, Article XI)

Solar & roof

Association determines exterior color scheme of all improvements. (Page 19, Article IX)

Signs & flags

No sign, advertisement, or notice of any type on common elements or any unit, except developer or institutional lender. (Section X: 'No sign, advertisement or no)

Maintenance

Unit owner responsible for maintenance, repair, replacement of all improvements on unit. Association responsible for common elements and limited common elements, including exterior painting, sliding glass doors, screens, windows on balconie (Pages 18-19, Article IX)

Insurance

Property insurance on common elements and limited common elements (excluding land, foundation, excavation) at 100% replacement cost. Liability: $1,000,000 per occurrence. Flood: if in flood zone, lesser of max NFIP or 100% replacement cost. (Pages 12-14, Article VIII)

Use restrictions

Yes: 'Each unit is hereby restricted to residential use' (Section X.A: 'Each unit is hereby restri)

Voting & meetings

One vote per unit; 12 total votes (Section VI: 'The owner of each condomini)

Amendments

May be amended by recording after approval by owners of a majority of units voting in person or by proxy; certain amendments (changing common element share, common expenses share) require unanimous consent of members and institutional first (Section XIII: detailed amendment provisi)

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