Terrace III at Heritage Bay

Key facts from Terrace III at Heritage Bay's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 3)

Governing law

Florida Condominium Act (Chapter 718) (Section 2, "the condominium form of owne)

Assessments & dues

By Association through annual budget; regular and special assessments (Section 10 preamble: "The Association ha)

Special assessments

Yes, for unusual, non-recurring, or unbudgeted common expenses (Section 10 preamble, Section 16.2(B))

Collections & liens

Association has lien on condominium parcel for unpaid assessments; may foreclose in accordance with Condominium Act (Section 10.8, 10.10)

Reserves & fees

Common expenses include amounts budgeted to fund reserve accounts (Section 10.1)

Pets

Yes (Section 12.3)

Leasing & rentals

Yes, with restrictions (Section 13)

Parking & vehicles

No vehicles not in operable condition or validly licensed may be kept (Section 12.6)

Architectural approval

Yes, for alterations to common elements; also Board approval for modifications visible from outside (Section 4.1, Section 11.5, Section 11.6)

Home business

Prohibited except customary incidental uses such as personal library, telephone calls, correspondence (Section 12.1)

Signs & flags

No signs, banners, billboards or advertisements except portable US or Florida flag, and signs by Declarant or required by law (Section 12.5)

Use restrictions

Yes; each unit shall be occupied by only one family as a residence (Section 12.1)

Voting & meetings

One vote per unit; total 60 voting interests (Section 4.21)

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