3030-32 Virginia Street Condominium Association, Inc.

Key facts from 3030-32 Virginia Street Condominium Association, Inc.'s documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article I, IV)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Article I)

Assessments & dues

Not fixed; developer guaranteed first year monthly assessment not to exceed $255.00 per unit (Article XVII B)

Special assessments

Allowed; Board may levy if budget insufficient or for emergency; must specify purpose; excess funds become common surplus. (Article XVII D, XVII J (last paragraph))

Collections & liens

Association has lien on each unit for unpaid assessments, interest, and attorney's fees; lien relates back to recording of declaration (except first mortgages require recording of claim of lien); foreclosure in manner of mortgage; notice re (Article XVII J)

Reserves & fees

Required for capital expenditures and deferred maintenance, including roof replacement and building painting; reserves computed based on estimated remaining useful life and replacement cost; members may vote to waive or reduce reserves (exc (Article XVII D (last several paragraphs))

Pets

Yes, with restrictions: not to run freely on common elements; must be leashed outside unit; owner liable for damage; Board may remove nuisance pet. (Article XV E)

Leasing & rentals

Developer has absolute right to lease units (Article XXI); no specific restriction on owner leasing appears in provided text. (Article XXI)

Fences

Exterior fences maintained by unit owner (Article XII A); no rules on new fences except general alteration approval. (Article XII A, XIX)

Architectural approval

Yes; prior Board approval required for alterations, improvements, additions that affect structural, exterior, or common elements. (Article XIX)

Signs & flags

Not explicitly restricted; developer may display sales signs (Article XV G). (Article XV G)

Maintenance

Not explicitly; roof is part of common elements (Article V B includes common elements as all real property except units). (Article V B)

Insurance

Casualty insurance on all buildings and improvements (replacement value), public liability (at least $500,000 per occurrence), workmen's compensation, flood if needed, errors & omissions, fidelity bonding. (Article XIII B)

Use restrictions

Yes; each unit shall be occupied only by a family, its servants and guests, as a residence. (Article XV A)

Voting & meetings

One vote per unit (regardless of number of owners); exercised by owner(s) or proxy (Article VIII)

Amendments

Amendment proposed by Board (majority) or unit owners (majority); adopted by majority of unit owners at meeting (30-60 days notice); except changes to unit size, discriminatory changes, changes to appurtenances, insurance/reconstruction pro (Article XI)

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