Villas of Timberlin Parc Condominium Association, Inc.

Key facts from Villas of Timberlin Parc Condominium Association, Inc.'s documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article I, 1.01; Submission Statement)

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) (Submission Statement; Article III, 3.09)

Assessments & dues

Common Expenses assessed against Unit Owners in proportion to their ownership interest in Common Elements (Article XX, 20.02)

Special assessments

May be levied if insurance proceeds insufficient for restoration (14.06(5)); also general power to assess for common expenses (18.07) (Article XIV, 14.06(5); Article XVIII, 18)

Collections & liens

Association has lien on each condominium parcel for unpaid assessments, interest, and attorney's fees. Lien relates back to recording of Declaration, but as to first mortgages, effective only after claim of lien recorded. Association may fo (Article XXI, 21.04, 21.05)

Reserves & fees

Not required by declaration; but surplus may be retained as reserve per 14.08 (Article XIV, 14.08)

Pets

Yes (Article XXII, 22.21)

Leasing & rentals

Yes (Article XV, 15.01-15.02)

Parking & vehicles

Not discussed (N/A)

Fences

Not specifically mentioned; but exterior changes require Association approval (Article XXII, 22.06)

Architectural approval

Prior written consent of Association required for alterations to Common Elements or exterior of building (Article XXII, 22.06; 22.13; 22.14)

Home business

Not expressly prohibited but limited to residential use; likely not allowed (Article XXII, 22.03)

Signs & flags

One portable, removable United States flag may be displayed in a respectful way (Article XXII, 22.16)

Maintenance

Not explicitly stated; likely Association because it is a common element (structural component) (Article XVIII, 18.12 (maintenance of Com)

Insurance

If loss attributable to a particular unit, that unit owner pays deductible. If loss to common elements and/or more than one unit and not attributable, all unit owners (or owners of damaged units) bear deductible pro rata. (Article XIV, 14.17)

Use restrictions

Units shall be used only for permanent residential use consistent with laws (Article XXII, 22.03)

Voting & meetings

One vote per Unit owned. If multiple owners, they designate one voting member. Vote not divisible. (Article V, 5.02)

Amendments

Generally, amendment by 2/3 vote of unit owners or 2/3 vote at meeting. Certain amendments require joinder of affected owners and lienholders. While Developer can appoint majority of Board, amendment by majority of Board is allowed as long (Article IX, 9.01, 9.02, 9.03)

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