Villa Medici Condm

Key facts from Villa Medici Condm's documents

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

Community type

Condominium (Section 1.2, 1.3)

Legal name

VILLA MEDICI CONDOMINIUM ASSOCIATION, INC. (Section 2.4)

Units / lots

379 (Section 3.1: three hundred seventy nine )

Governing law

Florida Condominium Act, Chapter 718, Florida Statutes (Section 2.1 (definition of Act))

Special assessments

Defined as non-recurring charges not in nature of capital improvements; can be levied by Board. If exceeds 3% of estimated operating budget, requires majority approval of voting interests at a meeting with quorum. (Section 13.2(a),(c))

Collections & liens

Association has lien on each condominium parcel for unpaid assessments; effective from recording of Declaration except as to first mortgages; claim of lien must be recorded; foreclosure action in manner of mortgage foreclosure; right to mon (Section 13.4, 13.5, 13.8)

Reserves & fees

greater of $25.00 or 5% of each delinquent installment (Section 13.4)

Architectural approval

No Unit Owner shall make any addition, alteration or improvement in or to Common Elements, Association Property, structural changes to unit, or any alteration visible from other unit or common elements without prior written consent of Board (Section 9.1)

Voting & meetings

Each Unit entitled to one vote (Section 5.2)

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