Fogarty Gardens Condominium Association

Key facts from Fogarty Gardens Condominium Association's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Section 1.3)

Developer / declarant

Key West Investment Group, LLC (Introductory paragraph)

Governing law

Chapter 718 Florida Statutes (Condominium Act) (Section 1.2)

Assessments & dues

Board of Directors prepares budget at least annually and determines assessments payable by Owners to meet Common Expenses. (Section 11)

Special assessments

Permitted; levied by Board of Directors for nonrecurring purposes or capital improvements; payable in lump sum or installments. (Sections 2.25, 12.2)

Collections & liens

Association has lien on each Condominium Parcel for unpaid assessments and charges. Effective from recording of Declaration, but as to Institutional First Mortgagees, effective upon recording claim of lien. Foreclosure action may be brought (Section 12.3)

Reserves & fees

Reserves for remainder of calendar year in which Association formed are waived; may be waived annually thereafter in accordance with Condominium Act. (Section 12.10)

Leasing & rentals

Leasing allowed subject to restrictions (Section 17.7)

Parking & vehicles

Vehicles shall only be parked in the garage that is part of each Unit, except as otherwise provided (Section 6)

Architectural approval

Structural additions or alterations require prior written approval of Owners; exterior changes require consent of other Unit Owners (Section 17.2, 17.4)

Maintenance

Association responsible for portion of roof above upper boundaries of Units. (Section 13.1)

Insurance

Fire, extended coverage, casualty, liability, workers compensation, flood (if determined), fidelity, and other insurance as deemed appropriate (Section 14.1)

Use restrictions

Each Unit is a separate residential dwelling. (Section 2.27)

Voting & meetings

Each Unit has Voting Interest as provided in Articles of Incorporation; Required Voting Interest is at least three-fourths (3/4) of total Voting Interest for certain actions. (Sections 10.3, 2.24)

Amendments

Developer may unilaterally amend Exhibit B before turnover; Article 7 cannot be amended without Developer's consent; general amendment threshold not specified (Section 4.1, 7.9)

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