Key Largo Beach Villas Condominium Association, Inc.

Key facts from Key Largo Beach Villas Condominium Association, Inc.'s documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and preamble)

Developer / declarant

Agreement & Declaration of Trust #300 Dated 03/15/2007 (Submission Statement)

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) (Submission Statement and Article III.06)

Special assessments

Levied when insurance proceeds insufficient to pay for restoration and repair; also generally for Common Expenses (Article XIV.06(5); Article XXI)

Collections & liens

Special Assessment is fully enforceable in the manner of foreclosing a mortgage upon real property; liens may arise against individual Condominium Parcels (Article XIV.06(5); Article XVII; Article)

Leasing & rentals

Yes, only entire units may be leased (Article XV)

Insurance

Each Unit Owner responsible for purchasing liability insurance for accidents within his unit, and insurance on his own personal property and living expenses (Article XIV.15)

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