Manatee Bay Club Condominium Association, Inc.

Key facts from Manatee Bay Club Condominium Association, Inc.'s documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Declaration of Condominium)

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) (Article II.A)

Assessments & dues

Initial guarantee $110.30 per month per Unit (stated as 'Monthly Guarantee for Assessments for all Units: $110.30') (Article VII.E.9 (last line of that subpa)

Special assessments

Board may levy if assessments prove insufficient or emergency arises, subject to majority vote of Association membership at a meeting with quorum; while Developer holds Units for sale, no special assessment for capital improvements without (Article VII.E.3)

Collections & liens

Assessments constitute a lien on each Unit; Association may record notice of lien and foreclose; notice of intent to foreclose must be given at least 30 days prior; subsequent owner jointly and severally liable for unpaid assessments; first (Article VII.E.7 (a) through (i))

Reserves & fees

Annual budget must include reserves for capital expenditures and deferred maintenance computed based on estimated remaining useful life and replacement cost; may be waived or reduced by majority vote of Association; general operating reserv (Article VII.G.1, VII.G.2)

Leasing & rentals

Yes, each Unit may be leased, but only in its entirety (not partial) (Article V.P)

Parking & vehicles

Prohibited (Article V.L: 'No parking shall be permit)

Fences

Gates may be constructed at Unit Owner's expense to enclose dock portion contiguous to Unit; gates must be to Association specifications and remain unlocked at all times (Article V.E)

Architectural approval

Yes, except for Unit H-17 (subject only to Developer approval while Developer holds Units, thereafter Association design approval). Alterations, improvements, television antennas, storage sheds, carports, gates, etc. require prior Associati (Article V.E)

Home business

Unit H-17 may be used for sales activity or commercial activity consistent with boat-docking facility; other units used exclusively for docking of one vessel and incidental uses, subject to Association regulation (Article V.K, V.A)

Signs & flags

Prohibited without prior written Association consent; signs advertising sale or lease of Units strictly prohibited; Developer exempt from this restriction (Article V.I)

Maintenance

Association responsible for Common Elements and Limited Common Elements (through Common Expenses); Unit Owners responsible for their Units and for any damage they cause; Association may maintain and repair Limited Common Elements at common (Article VII.F (Common Expenses include c)

Insurance

Association required to maintain insurance (implied in Article VII.E.9: 'maintained all insurance coverage required under the Act'); no specific details (Article VII.E.9)

Use restrictions

Not allowed; Condominium is restricted to commercial (non-residential) units; no residential purposes, temporary or permanent (Article III.A, Article V.A)

Voting & meetings

One vote per Unit; each Unit Owner entitled to one vote for each Unit owned; if multiple owners, they determine single vote; voting certificates may designate representative (Article IV.D, Article II.EE (Voting Cert)

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