Bay House Miami Condominium Association, Inc.

Key facts from Bay House Miami Condominium Association, Inc.'s documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Association is Bay House Miami Condominium Association, Inc.) (Article I; Article VIII.1)

Units / lots

165 residential Units (Article IV.1)

Governing law

Chapter 718 of Florida Statutes (Florida Condominium Act) (Submission Statement; Article II(a))

Assessments & dues

Based on an estimated budget for anticipated expenses, due monthly in advance; includes reserves required by Act (reserves may be waived by Unit Owners) (Article XVI.1)

Special assessments

Board may levy special assessments if assessments insufficient or emergency arises; 14-day written notice required for non-emergency special assessments (Article XVI.10)

Collections & liens

Association has a lien on each condominium parcel for unpaid assessments, late fees, costs, and attorney's fees; lien effective upon recording of claim of lien as to first mortgages; foreclosure in manner of mortgage foreclosure; notice req (Article XVI.3-8)

Reserves & fees

Required by Act; may be waived by Unit Owners (Article XVI.1)

Leasing & rentals

Allowed; tenants have use rights; Association may adopt rules to prohibit dual usage by owner and tenant; amendments restricting rentals apply only to consenting owners and subsequent purchasers. (Article XII.3; Article XI.10)

Parking & vehicles

One parking space assigned per unit as limited common element; register kept by Association; no visitors' spaces; handicap and low-emission vehicle spaces may be swapped; Developer may assign additional spaces for consideration; after Devel (Article XV.3)

Maintenance

Association maintains structural components of roof; penthouse owner responsible for waterproofing and maintenance of rooftop terrace deck (Article XV.5(a)-(b))

Use restrictions

Implied; units are designated residential; no commercial use stated. (Article IV.1 (residential Units); overal)

Voting & meetings

One vote per condominium parcel, exercised by Unit Owner; joint owners must file Voting Certificate (Article IX)

Amendments

Amendments require majority of Board and approval of 2/3 of voting interests; certain amendments (e.g., affecting mortgagee rights) also require consent of 51% of Institutional First Mortgagees; Developer may correct errors without other co (Article XI.1-3, 7-8)

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