Sanctuary IV at Longboat Key Club Condominium Association, Inc.

Key facts from Sanctuary IV at Longboat Key Club Condominium Association, Inc.'s documents

Reflects the 1991 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Document title; Declaration para 1)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Declaration para 1; Bylaws II.1)

Assessments & dues

Not fixed; set annually by Board budget. Paid monthly or quarterly in advance. (Declaration para 15; Bylaws XI)

Special assessments

Board may levy special assessments for unanticipated expenditures, in proportion to each unit's share of common expenses. (Declaration para 15)

Collections & liens

Association has remedies and liens provided by the Condominium Act for unpaid assessments, including accrued interest and reasonable attorneys' fees. Acceleration of installments is possible upon 10 days' notice. (Declaration para 15)

Reserves & fees

Reserves may be waived for the remainder of the calendar year of formation by Association action; may be waived annually thereafter under Florida Statutes. (Declaration para 15 (last paragraph))

Pets

Yes, but restricted. One cat or one dog not exceeding 30 pounds, and caged birds and fish. Initial purchasers from Developer may keep up to two pets (cats or dogs) not exceeding 50 pounds each, plus caged birds and fish. Pets that become a (Declaration para 10(a)(19))

Leasing & rentals

Yes, but entire unit only, for a minimum period of 90 consecutive days. No more than one lease may commence in any calendar year. (Declaration para 10(a)(20))

Use restrictions

Units shall be used for residential purposes only. (Declaration para 10(a)(1))

Voting & meetings

Each condominium Unit has one vote. For joint ownership, the vote may be apportioned or exercised by one owner via a voting certificate. (Bylaws II.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.