Cnl Lorraine Sw

Key facts from Cnl Lorraine Sw's documents

Community type

Condominium

Legal name

CNL LORRAINE SW, A LAND CONDOMINIUM

Developer / declarant

CNL Bradenton Lorraine SW, LLC

Governing law

Chapter 718, Florida Statutes (Article I)

Assessments & dues

Board approves annual budget; assessments based on percentage share of square footage (Article V, Section 2 and Article VII, Se)

Collections & liens

Association has lien for unpaid assessments, recorded, foreclosable as mortgage (Article VII, Section 3)

Reserves & fees

Late charges may be imposed as reasonably and uniformly by Board (Article VII, Section 2)

Leasing & rentals

True (Article XII, Section 1: 'does not restri)

Architectural approval

Alterations to Improvements not within or attached to a building require prior approval of Association (Article VI, Section 5)

Signs & flags

Owner business signs allowed; alterations (including signs) outside building require prior Association approval (Article VI, Section 5)

Maintenance

Association maintains Tract A, Surface Water Management System Facilities, shared utility lines, and REA maintenance obligations; Unit Owners maintain all other including Common Elements on their Unit (Article VI)

Insurance

Commercial general liability insurance, $1,000,000 per occurrence, $2,000,000 aggregate, additional insured the Association and other Owners (Article IX, Section 8)

Voting & meetings

Each Unit Owner entitled to one vote per Unit (Article V, Section 1)

Amendments

Requires 100% of total voting interests; certain sections require mortgagee consent (Article XIV, Section 2)

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