Brickell Biscayne Condominium Association, Inc.

Key facts from Brickell Biscayne Condominium Association, Inc.'s documents

Reflects the 1981 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Sec. 1.3: 'the name by which this condom)

Legal name

THE PALACE CONDOMINIUM ASSOCIATION, INC. (Sec. 2.3: 'Association means THE PALACE )

Units / lots

259 (254 residential units and 5 cabana units) (Sec. 3.1: 'The Land has constructed ther)

Governing law

Florida Condominium Act (Chapter 718 of Florida Statutes) (Sec. 1.2: 'submits ... to the condominiu)

Assessments & dues

Board of Directors prepares annual budget, determines assessments, and allocates among Unit Owners in proportion to their percentage shares as set forth in Exhibit '2'. (Sec. 12: 'prepare a budget ... determine)

Collections & liens

Association has a lien on each Condominium Parcel for unpaid assessments, interest, and attorney's fees. Lien effective upon recording a claim of lien. Association may foreclose lien in manner of mortgage foreclosure. (Sec. 13.2: 'The Association has a lien o)

Reserves & fees

Reserve funds or working capital contributions may be used as Board determines; not restricted to replacements. (Sec. 12: 'Any reserve funds or working c)

Architectural approval

Board must respond within 30 days of written request and all additional information received; failure to respond within 30 days constitutes consent. (Sec. 9.1: 'The Board shall have the obli)

Insurance

Not required by Declaration, but Unit Owners may obtain personal property/liability insurance at own expense. Obligation to purchase if they desire coverage. (Sec. 14.1(f): 'Unit Owners may obtain in)

Voting & meetings

Each Residential Unit entitled to one vote; Cabana Units have no voting privileges. (Sec. 5.2: 'Each Residential Unit shall b)

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