Mary, a Condominium Association, Inc.

Key facts from Mary, a Condominium Association, Inc.'s documents

Reflects the 1984 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article I, 12073 214)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Declaration opening, 12073 213)

Assessments & dues

Board of Directors approves annual budget in advance; assessments are fixed based on budget; each unit pays a percentage: Unit 1300-25%, 1302-25%, 1304-25%, 1306-25% (Declaration Article XXI.A and B, 12073 2)

Special assessments

Board has power to levy special assessments against each unit in their respective shares if a deficit develops (Declaration Article XXI.B, 12073 222)

Collections & liens

Association has a lien on each condominium parcel for unpaid assessments and interest, including attorney's fees; lien subordinate to prior recorded mortgages; foreclosure by suit in like manner as mortgage foreclosure; Association may bid (Declaration Article XIII.D and E, 12073 )

Pets

A cat or dog may be kept if it does not cause a disturbance (Declaration Article XXII.D, 12073 222)

Leasing & rentals

Units may be transferred subject to a lease; developer may lease unsold units; no restriction on sale or lease for unit owners (Prospectus Section 8, 12073 210; Section)

Architectural approval

Not explicitly; but no material alteration to common elements without proper authority; unit owner may not alter portions maintained by Association (Declaration Article XI.B and C, 12073 21)

Home business

Not expressly prohibited, but use limited to single-family residence; commercial activity likely restricted (Declaration Article XXII.C, 12073 222)

Maintenance

Unit owner insures and presumably maintains roof (part of improvements within condominium parcel) (Declaration Article XXIV, 12073 223)

Insurance

Each unit owner must obtain fire and extended coverage insurance and liability insurance (at least $25,000 per occurrence) naming Association and mortgagee; policy must be with A-rated company in Dade County, Florida (Declaration Article XXIV, 12073 223)

Use restrictions

Unit shall be used only as a single-family residence for owner, family, and social guests (Declaration Article XXII.C, 12073 222)

Voting & meetings

One vote per unit; owners of multiple units get one vote per unit; vote not divisible; unanimous vote of total votes required unless otherwise provided (By-Laws Article II Section 2, 12073 235;)

Amendments

Declaration may be amended by affirmative vote of all voting members (unanimous) at meeting called in accordance with By-Laws; no change to unit's percentage or voting rights without joinder of owner and mortgagees; amendments must be recor (Declaration Article VIII, 12073 217; Art)

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