Terrace II at Cypress Trace

Key facts from Terrace II at Cypress Trace's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Submission Statement: 'submits the Land )

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) (Section 2: 'in the manner provided by th)

Assessments & dues

Guaranteed maximums: $603.43 per quarter (until 12/31/2003), $693.94 per quarter (until 12/31/2004), $798.03 per quarter (thereafter until turnover) (Section 10.12: 'assessments against unit)

Special assessments

Permitted; for unusual, non-recurring or unbudgeted common expenses (Section 10: 'special assessments for unu)

Collections & liens

Association has lien on each condominium parcel for unpaid assessments; may foreclose (Section 10.8: 'The Association has a lie)

Reserves & fees

May budget amounts for reserve accounts (Section 10.1: 'including any amounts bud)

Pets

Yes, up to 2 small pets of normal domesticated household type (cat or dog) (Section 12.3: 'the owner of each unit ma)

Leasing & rentals

Yes, but subject to restrictions (Section 13: 'A unit owner may lease only)

Parking & vehicles

Commercial trucks or vehicles primarily used for commercial purposes not allowed except temporarily for service (Section 12.6: 'No commercial trucks, or )

Architectural approval

Yes for material alterations or changes to exterior appearance; also Board approval (Section 11.5: 'No owner shall make or pe)

Home business

Prohibited; incidental personal/professional use allowed (Section 12.1: 'No business, commercial a)

Signs & flags

No signs except by Developer; one portable removable US flag allowed per statute (Section 12.5: 'No person other than the )

Maintenance

Not explicitly listed; likely Association as part of common elements (exterior surfaces) (Section 11.1(G): 'All exterior building )

Use restrictions

Yes; each unit occupied by only one family as a residence (Section 12.1: 'Each unit shall at any ti)

Voting & meetings

One vote per unit; 30 voting interests total (Section 4.21: 'owners of each unit colle)

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