The Ponce De Leon Condominium Association, Inc.

Key facts from The Ponce De Leon Condominium Association, Inc.'s documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Section 1.3)

Governing law

Florida Condominium Act (Chapter 718 of the Florida Statutes) (Section 2.1)

Special assessments

Permitted; purpose must be set forth in written notice to unit owners; funds used only for that purpose (Section 12.10)

Collections & liens

Association has a lien on each condominium parcel for unpaid assessments, special assessments, interest, and reasonable attorney fees; may foreclose in manner of mortgage foreclosure; also may seek money judgment without waiving lien (Section 12.2)

Reserves & fees

Administrative late fee not exceeding greater of $25 or 5% of each delinquent installment (Section 12.2)

Voting & meetings

Each Unit has one vote (Section 5.2)

Amendments

Amendments require affirmative vote of all voting interests represented at quorum meeting and not less than all Board members; certain amendments require consent of affected unit owner and mortgagees; Developer may amend without consent to (Section 6)

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