Residence Club at Fishermans Cove Condominium

Key facts from Residence Club at Fishermans Cove Condominium's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article 1 PURPOSE)

Legal name

The Residence Club at Fisherman's Cove Condominium Association, Inc. (Article 2.2; Article 13)

Units / lots

6 Units (Article 3: The Condominium shall consist)

Governing law

Chapter 718, Florida Statutes (Condominium Act); Chapter 721, Florida Statutes (Vacation Plan and Timesharing Act) (Article 1 PURPOSE; Article 2.6, 2.19)

Assessments & dues

Developer guarantee: total annual Assessment for Common Expenses per Club Interest will not exceed $9,147.56 per year (through Dec 31, 2008), exclusive of ad valorem taxes (Article 12.11)

Special assessments

Referenced indirectly: any valid charge against the Condominium as a whole; special assessments may be imposed (see exclusions from guaranty for natural disaster, etc.) (Article 2.20.4; Article 12.11 (special a)

Collections & liens

Association has lien on each Unit or Club Interest for unpaid Assessments, interest, and costs. May foreclose. Personal liability also exists. (Article 12.4 (lien), 12.5 (collection/fo)

Reserves & fees

Reserve for refurbishment and/or replacement of Club Residences and Club Furnishings included in Club Expenses (Article 9.3.6)

Leasing & rentals

Developer reserves exclusive easement for rental of Units and Club Interests while holding them; no general leasing provision for owners in extract (Article 5.11.1 (Developer marketing sale)

Architectural approval

Yes, for additions, alterations, improvements by Owners (except internal improvements with conditions) – written consent of Association required (Article 11.2.1(a))

Signs & flags

Developer may erect signs for marketing (while holding units for sale); otherwise not specified for owners (Article 5.11.1 (Developer's exclusive ea)

Maintenance

Association maintains (part of building support – outside walls, ceilings, etc.) (Article 11.1.1(a)(1))

Insurance

Casualty insurance against fire, extended coverage, vandalism, malicious mischief, etc. (adequate coverage per Section 721.165); public liability insurance; workers' comp; property/liability on Club Residences and Club Furnishings. (Article 14.3.1, 14.3.2, 14.3.3, 14.3.4)

Use restrictions

Not explicitly stated as 'residential only' but implied by 'Club Residences' and use restrictions in Article 16 (USE RESTRICTIONS) (Article 16 (listed in table of contents,)

Voting & meetings

Unit Owners: 8 votes per Unit; Club Owners: 1 vote per Club Interest (Article 6.1.2 (8 votes per Unit); Articl)

Amendments

Article 19: Amendment of Declaration (table of contents) – specific text not provided; but Article 11.2.3 allows Developer to amend without approval for changes permitted under that section. (Article 19; Article 11.2.3 (Developer's )

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