1600 Ponce Office Condominium Association, Inc.

Key facts from 1600 Ponce Office Condominium Association, Inc.'s documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Section 1.2 (submitted to condominium fo)

Units / lots

50 (48 Office Units and 2 Retail Units) (Section 3.1)

Developer / declarant

1600 Ponce Trust LLC, a Florida limited liability company (Page 1 (Introductory paragraph))

Governing law

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

Assessments & dues

Not set; determined annually by Board based on budget (Section 12)

Special assessments

Allowed; additions/alterations/improvements costing more than 3% of budget in a calendar year require majority vote of Unit Owners at a meeting with quorum (Section 8); Extraordinary Financial Event may bypass vote (Section 8). (Section 8)

Collections & liens

Section 13 covers collection of Assessments and costs; specific lien rights not fully visible in this excerpt (Section 13)

Reserves & fees

Included in Common Expenses as required by Act or established by Association, may be waived as permitted by Act (Section 2.12(a) (definition of Common Ex)

Leasing & rentals

Not explicitly restricted in excerpt; Owner may lease parking spaces (Section 3.3(c)); no general lease restrictions visible. (Section 3.3(c) (right to lease parking s)

Parking & vehicles

Parking spaces are Limited Common Elements assigned to Units by Developer while offering Units, thereafter by Board (Section 3.3(c)); assignment not recorded, placed in Association official records. Owner may assign to another Unit; may lea (Section 3.3(c))

Architectural approval

Yes: no Unit Owner may make addition/alteration/improvement to Common Elements, or structural addition visible from other Units or affecting Common Elements, without prior written consent of Board (Section 9.1). Also restrictions on Life Sa (Section 9.1 and 9.2)

Maintenance

Unit Owner responsible for all maintenance, repair, replacement of Unit and Limited Common Elements (including interior, windows, HVAC, plumbing, electrical, etc.) (Section 7.1). Association responsible for Common Elements (other than Limit (Sections 7.1, 7.2, 7.3)

Voting & meetings

Each Unit entitled to one (1) vote, cast by its Owner in accordance with By-Laws and Articles (Section 5.2)

Amendments

Generally by affirmative majority of all voting interests (Section 6.1). Material Amendments (changing Unit size, appurtenances, percentages) require joinder of affected Unit Owners and mortgage holders (Section 6.2). Developer may amend al (Section 6)

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