Bougainvillea Villas Condominium Association, Inc.

Key facts from Bougainvillea Villas Condominium Association, Inc.'s documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article I - Submission to Condominium)

Legal name

BOUGAINVILLEA VILLAS CONDOMINIUM ASSOCIATION, INC. (Section 3)

Developer / declarant

FRP TECHNOLOGIES, LLC, a Florida Limited Liability Company (Opening paragraph)

Governing law

Florida Statutes Chapter 718 (Condominium Act) (Section 4: Definitions)

Special assessments

Approved by three directors; written notice to unit owners; funds used only for specific purpose set forth in notice; excess is common surplus (Section 4.5)

Collections & liens

Liens for assessments may be foreclosed by suit in same manner as mortgage foreclosure; also action for money judgment; receiver may be appointed if unit is rented (Section 22)

Pets

Yes (Section 13.5)

Leasing & rentals

Yes, entire Units only (Section 14.1)

Architectural approval

Yes, Board of Directors acts as architectural review committee; no exterior alterations including color change and storm shutter change without written approval (Section 8.3)

Home business

Permitted only if customarily incidental to residential use: personal professional library, records, phone calls, correspondence; must conform to City of Marathon restrictions (Section 13.3)

Maintenance

Unit owner (Section 7.2.6 roof repairs) (Section 7.2.6)

Insurance

Association obtains extended coverage (including windstorm) and replacement cost for Common Elements property; also liability insurance for Common Elements (Section 11.1.3, 11.1.4)

Voting & meetings

One vote per unit; multiple owners must execute a Voting Certificate (Section 4.26; Section 6.6.3)

Amendments

Regular amendments: affirmative vote of owners of 9/14ths of voting interests. Corrective amendments: by Board alone. Mortgagee approval if materially affect interests. Developer approval needed as long as Developer holds Units for sale. Wr (Section 16.1-16.6)

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