All Corners Condominium Association, Inc.

Key facts from All Corners Condominium Association, Inc.'s documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1.3: "All Corners, a Condominium)

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) (Section 2 (definition of "Act"))

Assessments & dues

Board prepares annual budget and determines assessments; each Owner's share is based on percentage ownership in Common Elements (Sections 10.1 and 4.1)

Special assessments

Allowed; must specify purpose in written notice; excess after completion becomes Common Surplus (Section 10.6)

Collections & liens

Association has lien on Unit for unpaid assessments; can foreclose; 30-day notice required before foreclosure; lien relates back to recording of Declaration (Sections 11.4 and 11.5)

Reserves & fees

Required by Act; Board includes in annual budget; Developer may waive during first fiscal year (Section 10.5)

Architectural approval

Yes, Board approval required for any Owner Improvements, changes to exterior, etc. (Section 7.3)

Use restrictions

Prohibited (Section 15.7 (title in Table of Contents)

Voting & meetings

One vote per Unit (Section 4.2: "Each Unit shall be entitle)

Amendments

Proposed by Board or majority of Units; adopted by 50%+1 of votes present plus 2/3 Board, or 80% of votes present; Developer may amend for corrections or as required by institutional mortgagees (Sections 5.1 and 5.2)

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