Palms at Marsh Landing Condm

Key facts from Palms at Marsh Landing Condm's documents

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

Community type

condominium (Paragraph 1 - Submission to Condominium )

Units / lots

240 (two hundred forty) Residential Units in initial phase (Paragraph 6(b): "The initial phase of th)

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) (Paragraph 5(a) - "Act" or "Condominium A)

Assessments & dues

Based on percentage shares allocated in Exhibit B, calculated from Unit Area relative to Total Unit Area (Paragraph 12: "The allocation of percent)

Special assessments

Capital Improvement Assessment allowed for additions, alterations or improvements to Common Elements costing in excess of $50,000 in any calendar year upon approval of Owners of 66-2/3% of Units represented at a meeting with quorum; for $50 (Paragraph 8(b): "Whenever... the Common )

Reserves & fees

Common Expenses includes all budgeted reserves required by the Act (Paragraph 5(m): "For all purposes of thi)

Signs & flags

One portable, removable United States flag may be displayed in a respectful way. Also, portable, removable official flags not larger than 4.5 ft by 6 ft for U.S. Army, Navy, Air Force, Marine Corps, or Coast Guard may be displayed on Armed (Paragraph 16(a)(i): "one (1) portable, r)

Voting & meetings

One (1) equally weighted vote per Unit (Voting Interest) (Paragraph 11: "the Owner or collective O)

Amendments

May be amended by Association with affirmative vote of (a) 66-2/3% of Units and 66-2/3% of Board, or (b) 75% of Units. Developer may unilaterally amend until all Units conveyed to third parties, but cannot materially change Unit configurati (Paragraph 14: (a) requires 66-2/3% Units)

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