Venetian on Ortega Luxury Condm

Key facts from Venetian on Ortega Luxury Condm's documents

Community type

Condominium (1.01 Name of Condominium)

Legal name

THE VENETIAN ON THE ORTEGA LUXURY CONDOMINIUMS ASSOCIATION, INC. (1.02)

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) (Preamble; III Definitions)

Special assessments

May be levied when insurance proceeds are insufficient for restoration (Section 14.07) or for condemnation deficiencies (Section 14.18). (14.07; 14.18)

Reserves & fees

Greater of $25.00 or 5% of each delinquent installment. (21.03)

Leasing & rentals

Yes, but subject to restrictions: minimum lease term of 90 days; no more than two leases per Unit per calendar year; lease must be in writing and include compliance with Declaration; unit owner must provide notice and copy of lease to Assoc (15.02)

Use restrictions

Unit shall not be used except for permanent residential use consistent with government laws. (22.03)

Voting & meetings

One (1) vote for each Unit owned. If multiple owners, they designate one voting member. Vote of a Unit is indivisible. (5.03)

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