Island City House Hotel Condominium Association In

Key facts from Island City House Hotel Condominium Association In's documents

Community type

Condominium (Title and throughout)

Units / lots

26 total (24 Residential Units + 2 Commercial Units) (Article III B: "twenty-four (24) residen)

Developer / declarant

Old Island Hotels, Inc., a Florida corporation (First paragraph, page 7)

Governing law

Chapter 718, Florida Statutes (Florida Condominium Act) (Article I)

Assessments & dues

Board has power to fix, determine, and collect sums necessary and adequate for Common Expenses as provided in By-Laws (Article VII E)

Special assessments

Defined as any assessment other than those provided in Annual Budget; Board may levy (Article VII E 2) (Article II DD, Article VII E 2)

Collections & liens

Assessments constitute a lien; may be foreclosed; 30-day notice required before filing foreclosure; first mortgagee liability limited to lesser of 6 months assessments or 1% of original mortgage debt if joined. (Article VII.E.6, pages 18-19)

Reserves & fees

Reserves required by Act or established by Association for capital expenditures and deferred maintenance, and general operating reserve (Article VII G)

Leasing & rentals

Yes, as transient rentals only; leases for Residential Units must not exceed 90 days; all transient rentals under Rental Management Agreement (Article V A, Article V V, Article V E)

Architectural approval

Yes, prior written consent of Association required for any alterations, improvements, or changes affecting appearance, including painting, wiring, antennas, etc. (Article V I)

Home business

Not allowed in Residential Units except as part of hotel services; Commercial Units may be used for ancillary commercial uses. (Article V.D, page 9: 'Commercial Units w)

Signs & flags

Residential Unit Owners may not affix exterior signs without Association consent; Developer/Transient Rental Manager may post signs for rental services (Article V O)

Insurance

Required; includes casualty, liability, flood, fidelity; proceeds held by trustee. (Article IX, pages 23-29 (TOC; details no)

Use restrictions

Prohibited; defined as activities that interfere with peaceful possession or transient rental systems; hotel operation activities are not deemed nuisances (Article V K)

Voting & meetings

One vote per Unit; if multiple owners, one vote as owners determine; Voting Certificate designates authorized voter (Article IV D, Article II II)

Amendments

Proposed, noticed, adopted by members; certain amendments require 80% of voting interests and Developer consent; Developer may amend certain provisions without member vote during control period. (Article XV, pages 33-34)

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