Cutler Lakes Condominium Association, Inc.

Key facts from Cutler Lakes Condominium Association, Inc.'s documents

Community type

Condominium (Section 1.3: 'the name by which this Con)

Legal name

CUTLER LAKES CONDOMINIUM II ASSOCIATION, INC. (Section 1.3 and Section 2.5)

Units / lots

24 (12 Type B, 12 Type C) (Section 4.1 table: 12 B units, 12 C unit)

Governing law

Florida Condominium Act Chapter 718 (Section 1.2 and Section 2.1)

Special assessments

Allowed by Board upon majority vote of Association at a duly called meeting; purpose must be stated; excess becomes common surplus (Section 8.2)

Reserves & fees

Required for capital expenditures and deferred maintenance (roof, painting, pavement resurfacing, items >$10,000). May be waived/reduced by majority vote of Voting Interests. Annual operating fund cannot exceed 10% of current annual assessm (Section 9.2 and Section 9.2(a))

Leasing & rentals

Yes, with restrictions (Section 5.7 and Article 11)

Use restrictions

Each Unit shall be used as a residence only, except as otherwise expressly provided (Section 5.1)

Voting & meetings

One vote per Unit; if multiple owners, designate one voting member; vote not divisible (Section 4.4)

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