Sorrento Villas Section 5, Association, Inc.

Key facts from Sorrento Villas Section 5, Association, Inc.'s documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Governing law

Chapter 718, Florida Statutes (as amended from Chapter 711) (Article 1.1 as amended by 2000 amendment)

Assessments & dues

Pursuant to Bylaws and provisions of Declaration; each unit owner liable for proportionate share (1/44) of common expenses (Article 7.1; Article 5.4)

Reserves & fees

5% of amount past due for assessments not paid within 5 days after due date (Article 7.3 as amended (May 11, 2000))

Leasing & rentals

Entire units may be rented, provided occupancy is only lessee, family, servants, and guests; lease must be approved by Board of Directors before start; owner must own unit at least one year before lease begins; no room rentals except as par (Article 12.6 as amended (2020 Certificat)

Use restrictions

Units shall be occupied only as a residence and for no other purpose (Article 12.2)

Voting & meetings

Each unit owner has an undivided 1/44 share in common elements and presumably one vote per unit (implicit from association voting procedures) (Article 5.3(b); Article 15.3 (amendment )

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