Terry Lane Court Condominium

Key facts from Terry Lane Court Condominium's documents

Community type

Condominium

Legal name

TERRY LANE COURT CONDOMINIUM ASSOCIATION, INC.

Developer / declarant

ROBERT SVETLIK

Governing law

Florida Statutes Chapter 718 (Condominium Act) (Section 4: Definitions)

Assessments & dues

Budget and fiscal year per Bylaws; Board sets; equal shares (Section 8, Section 21)

Special assessments

Allowed; for insurance deficiency (Section 11.2.2) and as general; 60% vote for material alterations (Section 7.3) (Sections 7.3, 11.2.2)

Collections & liens

Association may foreclose assessment liens; may recover money judgment; receiver; interest; fees (Section 19)

Reserves & fees

Not to exceed $100 or as permitted by law (Section 13.2.1)

Pets

Pets allowed as per rules and regulations, but tenants and guests may not have pets unless they occupied before conversion (Section 12.6)

Leasing & rentals

Yes, with Association approval; only entire units may be leased (Section 13.1, 13.1.2)

Parking & vehicles

3 parking spaces limited common areas assigned to units 818, 820, 824; no storage; loading/unloading only; developer and commercial vehicles exempt (Section 12.5)

Architectural approval

Yes, Board approval required for alterations to common elements; also for window coverings per rules (Section 6.6, 6.3.3)

Home business

Limited: personal professional library, business records, phone calls; not a broad home business (Section 12.3)

Maintenance

Unit owner (Section 6.2.13 exterior walls, roofs, porches, patios and balconies) (Section 6.2.13)

Use restrictions

Yes, residential use with limited exceptions (Section 12.3: restricted to one family a)

Voting & meetings

Voting interest distributed per F.S. 718.104(4)(i) (Section 4.26)

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