Arcadia Condominium of Miami Beach Condominium Association, Inc.

Key facts from Arcadia Condominium of Miami Beach 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: 'ARCADIA CONDOMINIUM OF MIA)

Units / lots

2 lots: Lot 9 and Lot 10, Block 64 (Section 1.1 legal description)

Governing law

Chapter 718, Florida Statutes (Florida Condominium Act) (Section 1.2 and Definition 2.1)

Assessments & dues

Not set in Declaration; determined by Board (Section 8.1(g))

Special assessments

Allowed upon approval by majority vote of Association membership at a duly called meeting with quorum (Section 8.2)

Reserves & fees

Greater of $25 or 5% of each delinquent installment (Section 8.1(f))

Pets

Yes, subject to conditions (Section 5.4)

Leasing & rentals

Yes, in accordance with Article 11 (not fully provided) and section 5.9 (Section 5.9)

Use restrictions

Each Unit shall be used as a residence only, except Developer's model/sales offices. (Section 5.1)

Voting & meetings

One vote per Unit; cast by owner or designated voting certificate holder (Section 4.4)

Amendments

Most amendments require execution by Developer and any affected Institutional Lender only (Section 3.7); material changes to unit configuration or common interest require record owner of that Unit and all lienholders join, plus majority of (Sections 3.7, 3.8)

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