23 Biscayne Bay Condominium Association, Inc.

Key facts from 23 Biscayne Bay Condominium Association, Inc.'s documents

Reflects the 2012 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article I: "23 Biscayne Bay, a Condomini)

Legal name

23 Biscayne Bay Condominium Association, Inc. (Article II(d) and Article VIII.1)

Developer / declarant

23 Plaza Corp, a Florida corporation (Submission Statement, page 1)

Governing law

Florida Condominium Act, Chapter 718 (Article II(a): "Act means the Florida Co)

Assessments & dues

Not fixed; determined annually by budget based on estimated common expenses (Article XVI.1: "based on an estimated bu)

Special assessments

Board may levy special assessments for insufficient funds or emergencies; 14 days written notice required for non-emergency special assessments (Article XVI.10: "the Board shall have th)

Collections & liens

Association has lien on each condominium parcel for unpaid assessments; foreclosure action allowed; 30-day notice required before foreclosure judgment; lien relates back to recording of declaration except as to first mortgages (must record (Article XVI.3, 6, 7)

Reserves & fees

Required by Condominium Act unless waived by unit owners (Article XVI.1: "The budget shall include)

Leasing & rentals

Yes, implied; tenant rights described (Article XII.3: "When a unit is leased, a)

Parking & vehicles

One space per unit as limited common element; assignment recorded in Association register; no visitor parking reserved; handicap and LEV spaces; no on-street or vehicle type restrictions stated (Article XV.3: "One parking space shall b)

Architectural approval

Yes, for combining units; otherwise not generally mentioned; Board approval for construction to combine units (Article XIII.2(c): "no construction acti)

Maintenance

Association responsible for structural and mechanical elements of roof (including roof-top areas); owner responsible for deck surface covering (Article X.5(a): "Association shall be re)

Insurance

All portions of condominium property as initially installed, plus alterations under s.718.113(2), plus any portion required by Declaration; excludes personal property within unit, floor/wall/ceiling coverings, electrical fixtures, appliance (Article XVIII.1(b) and (c))

Use restrictions

96 units are residential; 2 units are commercial (Article IV.1)

Voting & meetings

One vote per unit, exercised by the unit owner; multi-owner units may designate a voting certificate (Article IX: "one (1) vote to each of the)

Amendments

Generally: majority of Board and 2/3 of unit votes; certain amendments require 75% of voting interests (roof-top), consent of 51% of institutional mortgagees for provisions affecting insurance, assessments, etc.; Developer may correct error (Article XI, especially Sections 1,3,5,8,)

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