Palmetto Doral Condominium Association, Inc.

Key facts from Palmetto Doral Condominium Association, Inc.'s documents

Reflects the 1994 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Original Declaration heading: 'DECLARATI)

Units / lots

16 (subject to increase or decrease by Developer's right to combine or subdivide) (Section 3.1: 'The Condominium shall cons)

Governing law

Chapter 718, Florida Statutes (Florida Condominium Act) (Section 1.2: 'the Florida Condominium Ac)

Assessments & dues

Initial budget set forth in Exhibit '4' (Estimated Operating Budget). Developer guarantees maintenance amounts for each Unit for a period ending December 31 of year Declaration filed, and may extend one more year. (Section 6.7(A): 'Developer will guarante)

Special assessments

Allowed; e.g., for reconstruction after casualty if insurance insufficient (Section 9.5). Also Section 7.1(B) power to make and collect Assessments. (Section 9.5: 'If the proceeds of insuran)

Collections & liens

Association has a lien for unpaid Assessments, securable by recording claim of lien. Foreclosure in manner of mortgage foreclosure. Also may bring action for money judgment. Receiver may be appointed to collect rent pending foreclosure. (Section 6.3: 'The Association shall be e)

Reserves & fees

Initial reserve charge collected from first purchasers. For second year and thereafter, Unit Owners by majority vote decide whether to contribute to reserves for capital expenditures and deferred maintenance. (Section 6.7(C): 'For the second year of )

Leasing & rentals

Yes, but subject to right of first refusal by Association (Article 16). Association may have option to purchase or lease before others. (Article 16 heading: 'SELLING, LEASING AN)

Parking & vehicles

Not prohibited; commercial use is allowed.

Architectural approval

Yes, for alterations to portions of Unit or Condominium Property that are maintained by Association. Approval in writing from Association, not unreasonably withheld. (Section 5.1(C)(1): 'A Unit Owner shall n)

Home business

Permitted as ancillary office/warehouse; no explicit home business rule. (Section 11.1: 'Units may also be used as)

Maintenance

Association maintains roof? Not explicitly; 'structural support' and 'conduits' but roof likely Common Element unless within Unit boundaries. Upper boundary is lower surface of ceiling, so roof structure above ceiling is Common Element. Thu (Section 3.4(A)(1): 'Upper boundary - the)

Insurance

Board may set reasonable deductible provisions. (Section 8.2(A): 'Such policies may conta)

Voting & meetings

Each Unit Owner has voting rights equal to the Owner's percentage ownership in the Common Elements as set forth in Exhibit '2'. (Section 4.4: 'Each Unit Owner shall have)

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