Key West Harbour Yacht Club a Condominium

Key facts from Key West Harbour Yacht Club a Condominium's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Mixed-use commercial/residential condominium (initially commercial, with up to six Residential Units in future phases) (Article 1, Section 3)

Legal name

Key West Harbour Yacht Club Condominium Association, Inc. (Article 1, Section 5)

Governing law

Florida Condominium Act, Chapter 718, Florida Statutes (as of date of Declaration) (Article 1, Section 2; Section 6 (Condomi)

Assessments & dues

Not set; determined by Board based on Common Expenses (Article 1, Section 6 (Assessment definit)

Special assessments

Authorized (Special Assessment and Capital Improvement Assessment) (Article 1, Section 6 (Special Assessment)

Collections & liens

Not detailed; reference to FS 718.116 for assessments (Article 1, Section 6 (Charge definition))

Reserves & fees

Common Expenses include reserves required by Condominium Act or otherwise established by Association (Article 1, Section 6 (Common Expenses de)

Leasing & rentals

Yes; Lease definition implies Unit Owners may grant temporary right of use (Article 1, Section 6 (Lease definition);)

Architectural approval

Yes, for matters within M.A.B. purview; also Developer approval required for some actions (e.g., vessel approval, Tender storage in Dry Slip) (Article 1, Section 6 (Dry Slip, Tender d)

Voting & meetings

Each Unit has Voting Interest equal to its percentage interest in Common Elements and Common Surplus; initially equal 1/total units (Article 1, Section 6 (Voting Interest); )

Amendments

Amendments to add phases require only Developer's signature; other amendments not detailed (likely per FS 718.110) (Article 2, Section 14(a))

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