David William Hotel Condominium Association, Inc.

Key facts from David William Hotel Condominium Association, Inc.'s documents

Reflects the 1989 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Prospectus Article 1: 'The name of the C)

Units / lots

Originally 210 (2 commercial, 208 residential); increased to 212 (2 commercial, 210 residential) after 1991 amendment (1991 Amendment: 'the total number of Res)

Governing law

Chapter 718 of the Florida Statutes (Condominium Act) (Declaration of Condominium Article 1: 'p)

Assessments & dues

By the Board of Administration pursuant to Article 14 of the Declaration. (Prospectus Article 14 and Declaration Ar)

Special assessments

Defined in Declaration Article 2 as any assessment other than those required by annual budget. (Declaration Article 2, definition of 'Sp)

Collections & liens

Declaration Articles 14 and 17 address liens and priority. Article 17: 'Liens'. (Declaration Table of Contents Articles 1)

Reserves & fees

Developer shall establish reserves pursuant to Section 718.618 of the Condominium Act. (Prospectus Article 20: 'Developer shall )

Pets

Pets allowed with restrictions. (Prospectus Article 10A)

Leasing & rentals

Units may be leased; Developer reserved right to use or rent unoccupied Units as hotel rooms. (Prospectus Article 6; Declaration Articl)

Architectural approval

Exterior appearance modifications require Association approval. Certain floor coverings in second level Units must be approved. (Prospectus Article 10C and 10F)

Home business

Residential Units may be used for accessory office and business uses permitted by the City of Coral Gables Zoning Code. (Prospectus Article 1(i): 'Residential Un)

Maintenance

Association responsible for common elements; Unit Owners responsible for their Units. Details in Declaration Article 11. (Declaration Table of Contents Article 11)

Insurance

Association shall maintain property insurance per Declaration Article 21. (Declaration Table of Contents Article 21)

Use restrictions

Residential Units: used only as hotel room, transient residential, single-family private dwelling, and accessory office/business permitted by zoning. Commercial Units: hotel, restaurant, office, retail, commercial service. (Prospectus Article 1 (i) and (ii); Decla)

Voting & meetings

Each Unit has a voting interest based on percentage. Voting interests for specific units are provided in Exhibit D-7 and amended for new units (e.g., R-PH 1.50, R-4 0.17, R-5 0.17, R-6 0.16). (1991 Amendment, Page 3-4; Exhibit D-7)

Amendments

Article 9 allows amendments with specified consents. Developer can amend to correct errors (Article 9C). Unit Owner may amend regarding certain Units without Association consent (Article 9H). (Fifth Amendment recitals and Declaration)

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