Oceanside Marina Condominium Association, Inc.

Key facts from Oceanside Marina Condominium Association, Inc.'s documents

Community type

Condominium (Title and Article I, M)

Governing law

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

Assessments & dues

Board prepares budget, Slip Owners adopt by majority vote (Article X, A)

Collections & liens

Association has lien on Slip for unpaid assessments; forecloses like mortgage; claim of lien recorded in Monroe County; lien relates back to recording of Declaration but for first mortgages is effective from recording of claim of lien (Article X, B.2)

Reserves & fees

Reserves for if required by law and not waived; included in Common Expenses (Article X, A (definition of Common Expen)

Leasing & rentals

Yes, with conditions: Slip Owner must give notice to Association, Association has right of first refusal for sale; for leases Association must approve or disapprove within 10 days (Article XI, A)

Architectural approval

Yes, for any painting, decorating, change of appearance, alterations to Common Elements or Limited Common Elements (Article V, A.2(a); Article VIII, B)

Maintenance

Association maintains Common Elements, Limited Common Elements, utility conduits. Slip Owner must not alter without approval, report defects, repair own damage (or be assessed). (Article V, A)

Insurance

May contain reasonable deductible provisions as determined by Board (Article XII, A.2(a))

Voting & meetings

One vote per Slip; majority refers to votes, not number of owners (Article IV, E; Article IX, G)

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