The Meadows of Key West Condominium Association, Inc.

Key facts from The Meadows of Key West Condominium Association, Inc.'s documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1, etc.)

Developer / declarant

Meadowlark Holdings, LLC (First paragraph, Section 4.12)

Governing law

Florida Statutes Chapter 718 (Condominium Act) (Section 3, Section 1)

Assessments & dues

Initial cap from recording until turnover: Units 1,4,5,8: $1,392.47 per month; Units 2,3,6,7: $1,321.11 per month. Ongoing amount set by Board per budget (Section 8, Bylaws). (Section 17.3)

Special assessments

Allowed without unit owner approval for reconstruction when insurance insufficient (Section 11.2.2). For 'very substantial' damage, 75% vote required if special assessment needed (Section 11.2.3.1.2). (Section 11.2.2, 11.2.3.1.2)

Collections & liens

Association may foreclose assessment liens like a mortgage; may also obtain money judgment. After foreclosure judgment, court may order reasonable rental. Receiver can be appointed for rented unit. (Section 19)

Reserves & fees

Interest at highest lawful rate (currently 18% per annum) on unpaid assessments. (Section 19)

Pets

Allowed as regulated in Rules and Regulations (Exhibit F). (Section 12.5)

Leasing & rentals

Yes, entire units only; no Association approval required but subject to requirements. (Section 13.1, 13.2)

Parking & vehicles

Limited common element carport (Section 4.17). No other parking rules in Declaration. (Section 4.17)

Fences

Association maintains and paints fences (6.1.6, 6.1.8); unit owner responsible for day-to-day cleaning of limited common elements including fence (6.3.1). No specific height/material in Declaration. (Section 6.1.6, 6.1.8, 6.3.1)

Architectural approval

Yes, Board approval required for any alteration to common elements (Section 6.6). Also landscaping alterations need written permission except within fenced rear area (6.1.10). Window coverings subject to rules (6.3.4). (Section 6.6, 6.1.10, 6.3.4)

Maintenance

Association (Section 6.1.7)

Insurance

Association pays all policy deductible amounts on Association policies. (Section 10.5.3)

Use restrictions

Yes; use restricted to residential purposes (Section 12.1, Section 13 Ground Lease also restricts to residential). (Section 12.1, Ground Lease Section 3)

Voting & meetings

One vote per unit; owner of multiple units gets one vote per unit owned (Section 22)

Amendments

Regular amendments require 75% voting interests vote (15.3). Correctory amendments may be by Board alone (15.2). Merger requires 100% (15.4). Developer amendments until turnover (15.5). Mortgagee approval needed for material changes (15.6). (Section 15)

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