Adrianbuilders Commerce Center I Condominium Association, Inc.

Key facts from Adrianbuilders Commerce Center I Condominium Association, Inc.'s documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

ADRIANBUILDERS COMMERCE CENTER I CONDOMINIUM ASSOCIATION, INC. (Article 2.2)

Governing law

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

Collections & liens

Association has a lien on each condominium parcel for unpaid assessments; lien effective from recording of Declaration but as to first mortgages, from recording of claim of lien; claim of lien must state description, owner, Association, amo (Article 9.2 and 9.3)

Reserves & fees

Administrative late fee not to exceed the greater of $25.00 or 5% of each installment of the assessment for each delinquent installment (Article 9.2)

Leasing & rentals

Yes, with Association approval; lease must be in writing and specifically provide lessee's compliance with governing documents; Association has right to collect rent directly for outstanding charges; lease subordinated to any Association li (Second Amendment (amending Article 5.7) )

Parking & vehicles

Limited Common Elements consist of parking spaces; each Warehouse Unit assigned 2 parking spaces upon sale by Developer; no fee for such spaces; parking spaces may be transferred/exchanged only among unit owners; every unit must have at lea (Article 3.6)

Use restrictions

Condominium property to be used exclusively and solely for the operation of commercial warehouse units; prohibited uses: junkyard, animal hospital, facility for maintenance or propagation of animals, facility for manufacture or mixing of in (Article 6.3)

Voting & meetings

Each Unit shall be entitled to one vote (Article 5.6)

Amendments

Requires not less than 75% of the votes of the entire Association or an agreement signed and acknowledged by all unit owners (Article 10.2)

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