Luau Condominium Association, Inc.

Key facts from Luau Condominium Association, Inc.'s documents

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

Community type

Condominium (Recital C; Section 1.1)

Legal name

Luau Condominium Association, Inc. (Section 2.1(g))

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Recital B; Section 2.1(a) ("Act"))

Special assessments

Permitted for deficit, nonrecurring costs, or capital improvements; imposed as determined by Board in accordance with Bylaws. (Section 7.5)

Reserves & fees

Association may maintain reserve fund. Developer will vote not to fund reserves for first two fiscal years. Thereafter, non-Developer Unit Owners may by majority vote waive or reduce reserves; if no action, reserves go into effect. (Section 7.9)

Signs & flags

Subject to restrictions; see Section 10.9 (title only). (Section 10.9 (title))

Voting & meetings

One vote per Unit (Membership). Each Unit entitled to 1 vote. Residential Units elect 4 directors; Non-Residential Unit elects 1 director. All members vote on matters concerning both types. (Section 5.2(a), (d))

Amendments

Amendments to Declaration must be recorded and executed in accordance with the Act. Bylaws amendments must be set forth in recorded amendment. See Article 17.3 (title only). (Section 4.5 (for Bylaws); Article 17.3 ()

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