Palazzo on St Johns Condominium

Key facts from Palazzo on St Johns Condominium's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Paragraph 1: 'submits to the condominium)

Legal name

The Palazzo on St. Johns Association, Inc. (Section 5.g: '"Association" ... shall me)

Units / lots

18 (Phase 1) (Section 6.b: 'The initial phase of the C)

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) (Section 5.a: '"Act" or "Condominium Act")

Assessments & dues

By budget; Assessments based on percentage shares in Common Elements (Exhibit B) (Section 12: 'The proportion or percentag)

Special assessments

Capital improvements over $50,000 in a calendar year require 66.67% Unit Owner approval; up to $50,000 may be done by Board alone (Section 8.b: 'costing in excess of Fifty)

Reserves & fees

Required; included in Common Expenses: 'all budgeted reserves required by the Act' (Section 5.q (last sentence of definition)

Voting & meetings

One vote per Unit (equal weight) (Section 11: 'the Owner or collective Own)

Amendments

By Association: requires 66-2/3% of Units and Board, or 75% of Units alone. Developer may amend unilaterally until all Units sold to third parties, with limitations. Special amendments for compliance. Correction of scrivener's errors by maj (Section 14: subsections a, b, c, d.)

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