The Chalet of San Marco Condominium Association, Inc.

Key facts from The Chalet of San Marco Condominium Association, Inc.'s documents

Reflects the 2012 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Throughout document, e.g., 'The Chalet o)

Legal name

The Chalet of San Marco Condominium Association, Inc.

Governing law

Florida Condominium Act (Section 1: 'operating a condominium purs)

Special assessments

Board may impose for unusual, unexpected, unbudgeted, or non-recurring expenses. Total per fiscal year not exceed 15% of total annual budget unless majority of voting interests consent. Notice required (14 days if non-emergency). Purpose mu (Section 6.6)

Collections & liens

Association may foreclose lien for assessments as on a mortgage. Must give 30-day notice before filing. May also sue for money judgment. (Section 8.1)

Reserves & fees

Required reserves for capital expenditures and deferred maintenance: roof replacement, building painting, pavement resurfacing. Computed based on estimated life and replacement cost. May be waived by majority vote at a meeting. Funds used o (Section 6.3)

Use restrictions

Not explicitly stated, but implied by condominium nature (N/A)

Amendments

Proposed by majority of Board or 1/4 of voting interests. Submitted to vote at next annual meeting. Requires 2/3 of votes present or proxy. Also by written consent (60% or more). Recorded in public records. (Sections 9.1, 9.2, 9.3, 9.4)

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