Sierra Grande Eleven Condominium

Key facts from Sierra Grande Eleven Condominium's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Section 1.1, 1.3)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Preamble and Section 1.2)

Assessments & dues

Not fixed; determined by annual Operating Budget (Section 4.2 A)

Special assessments

Defined as an assessment levied other than by annual budget (Section 1.2 T)

Collections & liens

Association has lien on each Unit for unpaid assessments, with foreclosure rights, including right to bid at sale, recover attorney fees (Section 4.3 B, C)

Reserves & fees

Referenced in Developer guarantee 'quarterly assessments with reserves' but no specific reserve funding policy stated (Section 4.3 E(1))

Leasing & rentals

No. Leasing is prohibited. (Section 10.3: 'No Unit may be leased or )

Fences

Not specifically mentioned; exterior alterations require approval (See ARC approval requirement)

Architectural approval

Yes, for exterior alterations and structural changes; written consent of Board required for painting exterior surfaces (Section 3.3 B, Section 3.4 C, Section 3.)

Signs & flags

No person other than Developer may post or display 'For Sale', 'For Rent' or similar signs anywhere on the Condominium (Section 9.4)

Maintenance

Association maintains exterior surfaces including roof (implied in 3.2 A and 3.4 D) (Section 3.2 A, 3.4 D)

Insurance

Commercially reasonable deductible determined by Board, not greater than $100,000 (Section 6.1 A: 'less a commercially reas)

Use restrictions

Not explicitly stated; but use restrictions imply residential standard (nuisance, peaceable conduct) (Sections 9.2, 9.3)

Voting & meetings

One vote per Unit (Article XII: 'each Unit Owner ... entitl)

Amendments

Approved by affirmative vote of four-fifths (80%) of voting interests; certain amendments require consent of affected Unit Owners, lienholders, Developer, or first mortgagees if rights materially affected; amendments recorded (Sections 13.1 C, D)

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