Dakota Condominium Property Owners Condominium Association, Inc.

Key facts from Dakota Condominium Property Owners Condominium Association, Inc.'s documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Units / lots

6 residential units (4 two-bedroom/two bath units between 906 and 1073 sq ft, and 2 one-bedroom/one bath units each 701 sq ft) (Section 3.1(b) and 3.2)

Governing law

Chapter 718, Florida Statutes (Florida Condominium Act) (Section 1.1, 1.2, 2.1)

Special assessments

Board may levy special assessment subject to majority vote of Association membership at a meeting with quorum (Section 8.2)

Collections & liens

Association has lien on each unit for assessments; can foreclose like a mortgage; claim of lien must be recorded; 1-year limit to enforce unless bankruptcy stay (Section 8.6, 8.8)

Reserves & fees

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

Pets

Pets may be authorized by Board as conditional license subject to rules; no animals/pets without Board's prior written consent. (Section 5.6)

Leasing & rentals

Units may only be leased in accordance with By-laws and Rules and Regulations. Association has right of first refusal/approval on leases. (Section 5.7, 11.1)

Parking & vehicles

Developer will sell and assign limited parking spaces as limited common elements to purchasers at closing. Parking only in designated areas. (Section 3.6(d), 6.4)

Use restrictions

All Units shall be used for single-family residential purposes only. Occupancy limited: two-bedroom units max 3 persons, one-bedroom units max 2 persons. (Section 5.1)

Voting & meetings

One voting interest per Unit; owner or voting certificate designee casts vote (Section 4.4)

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