Eastern Lake Village Condominiums

Key facts from Eastern Lake Village Condominiums's documents

Community type

condominium (Title, Page 1)

Legal name

Eastern Lake Village Condominiums Owners Association, Inc. (Art. I §3; Art. II; Art. VI)

Developer / declarant

Eastern Lake Village Series LLC, a Delaware series limited liability company (Preamble, Page 1)

Governing law

Chapter 718, Florida Statutes (Preamble)

Assessments & dues

Board establishes annual budget; assessments based on budget (Article XVIII.A.3, Page 16)

Special assessments

Board may levy additional assessments as needed (Article XVIII.A.3, Page 16)

Collections & liens

Association has lien for delinquent assessments, foreclosable like mortgages (Article XVIII.A.8 & .9, Pages 17-18)

Reserves & fees

Reserve for replacement fund mentioned in insurance context; no specific requirement in declaration (Article XIV (insurance), Page 12)

Pets

Common household pets permitted; owner must control and clean up waste; Association may designate walking areas (Article XIII.6, Page 9)

Leasing & rentals

Units may be used for rental purposes (Article XIII.1, Page 9)

Parking & vehicles

Each residential unit has one assigned parking space as limited common element (Article I.13, Page 2)

Architectural approval

Owner must obtain Board approval for alterations to portions maintained by Association or structural modifications (Article X.2.E and Article XIII.11, Pages)

Signs & flags

US flag and military flags on specified days allowed, portable and removable, max 4.5 ft x 6 ft (Article X.2.C, Page 7)

Insurance

Association maintains casualty insurance on common property and building, public liability, workers comp, fidelity bonds, and other insurance determined by Board (Article XIV.B, Pages 10-11)

Use restrictions

Units may be used for commercial, residential, or rental purposes (Article XIII.1, Page 9)

Voting & meetings

One vote per Unit owned (Art. VII (each member shall be entitled )

Amendments

If proposed by Board: approved by 66-2/3% of Board then by 66-2/3% of entire membership. If proposed by membership: approved by 66-2/3% of entire membership. Alternatively, unanimous consent of all Unit Owners. Developer reserves right to c (Art. VIII)

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