751 Collins Condominium Association, Inc.

Key facts from 751 Collins Condominium Association, Inc.'s documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Section 1.3: "The name ... is 751 COLLIN)

Units / lots

16 (7 Residential Units and 9 Commercial Units) (Section 2.43: "The Condominium contains )

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) (Section 2.1: "Act means the Florida Cond)

Assessments & dues

Based on percentage shares of square footage: General Common Expenses per Exhibit C, Residential Common Expenses per Exhibit C-1, Commercial Common Expenses per Exhibit C-2 (Sections 2.16(a)(b)(c) and 5.1)

Special assessments

Defined as a charge for specific nonrecurring purposes not in the nature of capital improvements (Section 2.3(e): ""Special Assessment" wh)

Reserves & fees

Required by Act or established by Association; includes reserves for General Common Elements, Residential Common Elements, Commercial Common Elements (Section 2.16(a) includes "(a) all reserv)

Leasing & rentals

Leasing is referenced as a right; defined as a grant of temporary right of use of a Unit (Section 2.28: ""Lease" means the grant b)

Parking & vehicles

Common Elements do not include any driveways or parking areas; no parking spaces provided (Section 3.7: "THE COMMON ELEMENTS OF THE)

Home business

Allowed if customarily incident to residential use, e.g., maintaining professional library, handling business calls/correspondence (Section 17.1(a)(i): "Such uses are expre)

Signs & flags

Commercial Units may have signage in the Store Front under a Signage License; signs must comply with local codes and Association approval (except Developer's initial signs) (Section 3.5: "Each Commercial Space shal)

Use restrictions

Use and occupancy of Residential Units is restricted to residential uses only; incidental personal business/professional use is permitted (Section 17.1(a)(i): "Use and occupancy o)

Voting & meetings

Each Unit (Residential and Commercial) has one indivisible vote (Section 2.30: "each Residential Unit and)

Amendments

Amendment requires certificate of Association executed by President/Vice President or majority of Board, recorded in Public Records of County. Any provision to be amended must show new words underlined and deletions stricken, or include a n (Section 6.5: "An amendment ... shall be )

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