Il Villagio Condm Twenty Two

Key facts from Il Villagio Condm Twenty Two's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1.3)

Legal name

Il Villagio Neighborhood VII Condominium Association, Inc. (Section 2.4)

Governing law

Florida Condominium Act, Chapter 718 (Section 1.2)

Assessments & dues

Board of Administration prepares annual budget and determines Assessments; expenses include Common Expenses; budget subject to change to cover actual expenses. (Section 12)

Special assessments

Defined as any assessment other than the budgeted annual Assessment; purpose must be stated; funds used only for that purpose; excess becomes Common Surplus. (Section 2.29, Section 13.10)

Collections & liens

Association has lien on each Condominium Parcel for unpaid Assessments; lien effective upon recording claim of lien; may foreclose like a mortgage; must give 30-day notice before foreclosure judgment. (Section 13.1-13.4)

Reserves & fees

Mentioned in context of Developer's guarantee; reserves may be funded as provided in adopted annual budget; can be waived. (Section 13.7)

Architectural approval

Board must answer written request within 30 days after receipt of request and all additional information; failure to do so constitutes consent. (Section 9.1)

Voting & meetings

Each Unit in the Condominium and all other condominiums operated by the Association have one vote per Unit; Unit Owner casts vote; Voting Certificate may designate one owner. (Section 5.3, Section 2.31)

Amendments

Amendments require affirmative vote exceeding 75% of voting interests of all Unit Owners, except during Developer control period (Developer may amend alone, except for time-share or Material Amendments). Material Amendments require joinder (Section 6.1-6.4)

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