11780 Poinciana Condominium Association, Inc.

Key facts from 11780 Poinciana Condominium Association, Inc.'s documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1.3, 1.2)

Governing law

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

Assessments & dues

Board prepares annual budget and allocates assessments among Unit Owners according to percentage shares (Section 12, Section 5.2)

Special assessments

Allowed; if aggregate exceeds $25,000 or causes total assessments to exceed 115% of prior year, majority vote of Unit Owners required (except for extraordinary financial events) (Section 13.2(a), 13.2(d))

Collections & liens

Association has lien for unpaid assessments; may foreclose like mortgage; notice required 30 days before foreclosure judgment (Section 13.3, 13.4)

Reserves & fees

Greater of $25 or 5% of each delinquent installment (Section 13.3: "may charge an administrat)

Architectural approval

Yes, for additions, alterations, or improvements to Units, Common Elements, or Limited Common Elements (except non-structural interior changes and divider wall changes per Section 3) (Section 8.2(a))

Maintenance

Unit Owner: maintenance, repair, replacement of Unit and Limited Common Elements (Section 7.1). Association: maintenance, repair, replacement of Common Elements and Association Property (Section 7.2). (Section 7.1, 7.2)

Voting & meetings

One vote per Unit (Section 5.3: "each Unit ... shall be ent)

Amendments

By Association with 75% of voting interests (Section 6.1); Developer may amend alone during control period except for material amendments and time-share (Section 6.4); material amendments require joinder of affected owners and mortgagees (S (Section 6.1, 6.2, 6.3, 6.4)

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