Gulf Sound Condominium Association, Inc.

Key facts from Gulf Sound Condominium Association, Inc.'s documents

Community type

Condominium

Legal name

Gulf Sound Condominium

Units / lots

3 (Units A, B, C) (Exhibit A (Sheet 3) and budget for three)

Governing law

Chapter 718 of the Florida Statutes (Submission Statement)

Assessments & dues

Initial quarterly assessments: Unit A $1,108.38 with reserves, $1,035.00 without; Unit B $1,051.54 with, $982.00 without; Unit C $682.08 with, $637.00 without. Total annual condominium budget $11,368.00 (Exhibit C - Assessment to Each Unit)

Special assessments

May be levied by Board if necessary to cover unanticipated expenditures (Section 15.02, Definition of Special Ass)

Collections & liens

Association has a lien on each Condominium Parcel for unpaid Assessments; may record Claim of Lien; may foreclose like a mortgage; may recover money judgment; costs and attorneys fees included (Sections 16.05, 16.06)

Reserves & fees

Required for capital expenditures and deferred maintenance per Condominium Act; may be waived or reduced; Developer funded a converter reserve account for roof, painting, paving, plumbing, swimming pool, electrical system (Sections 14.01(b), 19.05, Exhibit C Note)

Pets

Yes, subject to restrictions (Section 26(g))

Parking & vehicles

No commercial or recreational vehicle; trucks and vans used as everyday vehicle other than for commercial purposes are permitted (Section 26(c))

Architectural approval

Board approval required for: installing satellite dish (location and method), accessing between adjoining Units; Board may adopt rules for exterior improvements (window glass, screens, colors, materials) and window treatments (Sections 26(b), 11.05, 11.04, 26(j))

Signs & flags

No sign, advertising, or notice of any type unless specifically authorized by prior written consent of Developer or Board; Developer reserves right to place signs for construction, marketing, sales, and rental (Section 26(d))

Maintenance

Not explicitly assigned in Section 9; included in reserve schedule (Exhibit C note 3) indicating roof replacement is a capital expense covered by reserves; implied as Association responsibility (Exhibit C Note 3; Section 9.02 general a)

Insurance

Fire, flood, other casualty and liability insurance (Section 14.01(c))

Use restrictions

No unlawful or immoral use; no noxious or offensive trade or activity; nothing that may be an annoyance or nuisance (Section 26(k))

Voting & meetings

One vote per Unit, cast by Voting Representative (Section 20.02, Definition of Voting Repr)

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