740 Meridian Condominium Association, Inc.

Key facts from 740 Meridian Condominium Association, Inc.'s documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (para 1: The land... is submitted to cond)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (para 3: terms... have the meanings given)

Assessments & dues

Board of Directors proposes budget; may submit to membership for approval (Bylaws Art IV.20: The power to propose a)

Special assessments

Association has power to levy and collect special assessments (Bylaws Art IV.3: The power to levy and c)

Reserves & fees

$5.00 if not paid within 10 days of due date; plus $15.00 service charge for monthly notice; late penalty not exceeding 5% of principal balance in lieu of interest, late charges, and service charges (para 11(b): A late charge of $5.00 will )

Leasing & rentals

Yes, with approval of association; entire units may be rented; no room may be rented except as part of a unit or another unit owner; no transient tenants (para 15(e): After approval by the associ)

Architectural approval

Yes, for any additions, alterations, modifications, improvements in parts of unit maintained by association, structural/electrical/mechanical improvements, changes to common elements (para 10(d): neither an owner nor the ass)

Signs & flags

No sign of any kind without written consent of board of directors (para 10(c): nor display a sign of any ki)

Use restrictions

No nuisances allowed on the condominium property nor any use or practice that is a source of annoyance or interferes with peaceful possession (para 15(c): No nuisances shall be allowe)

Voting & meetings

One vote per unit regardless of number of owners (para 12(f): Each unit confers one vote r)

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