Airport Condominium Association, Inc.

Key facts from Airport Condominium Association, Inc.'s documents

Reflects the 1985 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Article 1.7: 'Condominium Unit means a u)

Units / lots

0 (condominium) (Not applicable)

Governing law

Chapter 718, Florida Statutes (Article 1.2: 'Act means the Condominium )

Assessments & dues

Not fixed; set annually by Board based on budget (Article 23(a): 'Board of Directors... sh)

Special assessments

Allowed if deficit develops for common expenses; levied per unit share (Article 23(b): 'the Association has the )

Collections & liens

Association has lien on each condominium parcel for unpaid assessments, including interest, attorney's fees; lien subordinate to prior recorded mortgages; may foreclose as on a mortgage; right to assign claim and lien to third parties (Article 16: (c) - lien, (d) - foreclosur)

Reserves & fees

Maximum $50.00 for certificate of compliance with right of first refusal (Article 26(g): 'at a reasonable fee... n)

Leasing & rentals

Yes, with prior written approval of Board of Directors; right of first refusal for Association and unit owners (Article 26(a) – right of first refusal; )

Parking & vehicles

Not restricted (No restrictions mentioned)

Architectural approval

Not explicitly for unit alterations, but unit owner cannot make alterations to portions maintained by Association or do work jeopardizing safety without approval? Article 32(c) prohibits material alterations to common elements without appro (Article 32(b): 'no material alteration o)

Home business

Not explicitly prohibited beyond the above uses (No further restrictions)

Signs & flags

Developer allowed to have signs; no unit owner sign restrictions mentioned (Article 31(d): 'Developer shall have the)

Maintenance

Not explicitly stated; as above boundary of unit is lower surface of unfinished ceiling, roof is above, thus common element, probable Association responsibility. (Article 6(d)(i): 'upper boundary is the )

Insurance

Association obtains casualty (fire, extended coverage, vandalism, flood) and public liability insurance on common elements; also workers' compensation (Article 27(a) and (b)) (Article 27(a): 'The Association shall ob)

Use restrictions

Prohibited; no nuisance, immoral or illegal act (Article 25(c)) (Article 25(c): 'nor shall a unit owner p)

Voting & meetings

Each unit owner entitled to one vote per unit owned (4 total units) (Article 12(b): 'Each unit owner is entit)

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