1218 Drexel Condominium Association, Inc.

Key facts from 1218 Drexel Condominium Association, Inc.'s documents

Community type

Condominium (Article I, Article III(F))

Legal name

1218 DREXEL CONDOMINIUM ASSOCIATION, INC. (Article III(B))

Units / lots

20 residential units (Page 3 of Document (Book14615/Page1253):)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Article I, Article III(G))

Assessments & dues

Not fixed; variable based on budget (Article VII(E))

Special assessments

Special assessments >$250/year per unit not a recurring expense must be approved by at least 75% of unit owners; except for reconstruction/repair under Article X (Article VII(F))

Collections & liens

Unpaid assessments become a lien upon recordation of a claim of lien (after at least 10 days past due); lien subordinate to institutional first mortgages; Association may foreclose and seek receiver, reasonable rental, costs, attorney's fee (Article VII(K), (L))

Reserves & fees

Not explicitly named, but assessments include allowance for reserves (Article VII(E)) (Article VII(E))

Pets

Yes, subject to association rules and not constituting a nuisance; any pet causing nuisance must be permanently removed upon written notice from Board (Article XII(B))

Leasing & rentals

Yes, but with restrictions: lease must be in writing with term at least one year; owner must use board-approved lease form; prospective tenant must submit application with $25 fee, appear for interview; written approval required before occu (Article XII(D) (amended version))

Parking & vehicles

Developer may sell or lease parking spaces to unit owners; spaces not part of common or limited common elements (Article VI(I))

Architectural approval

Prior written approval of Association required for any alteration or addition to unit or condominium property, including changes to common elements, limited common elements, exterior appearance (awnings, storm shutters, window coverings, et (Article VI(H))

Signs & flags

Developer may display signs; otherwise not addressed for owners (Article XII(G))

Insurance

Each unit owner responsible for purchasing liability insurance for accidents in their unit and limited common elements (Article X (intro: "shall be responsible )

Use restrictions

Each unit shall be used only for residential purposes (Article XII(A))

Voting & meetings

Each unit is entitled to one vote; if multiple owners, they designate one Voting Member; total votes equal number of units (Article IX(C))

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