Gulf Twin Towers Condominium Association, Inc.

Key facts from Gulf Twin Towers Condominium Association, Inc.'s documents

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

Community type

Condominium (Name: GULF TWIN TOWERS, a condominium; p)

Legal name

Gulf Twin Towers Condominium Association, Inc.

Governing law

Chapter 718, Florida Statutes (the Condominium Act) (Bylaws Article 1 and Declaration Article)

Assessments & dues

Assessments for common expenses and reserves due in monthly installments on the first day of each month; annual assessments made on or before December 8 preceding the year (Bylaws Article 6.3 as amended in 1994; D)

Special assessments

Assessments for emergencies may be made after notice and majority board vote; due after 30 days notice (Bylaws Article 6.5 as amended in 1994)

Collections & liens

Association has a lien on each condominium parcel for unpaid assessments and interest; lien includes attorneys' fees and costs; subordinate to prior recorded mortgages (Declaration §11.4)

Reserves & fees

Budget shall include reserves for capital expenditures and deferred maintenance based on estimated life and replacement cost; board may reduce or eliminate reserves if directed by majority vote of members (Declaration §17.2)

Home business

Not explicitly prohibited beyond residential use only; no specific home business rule

Use restrictions

Each unit shall be used as a single-family residence only (Declaration §20.2c)

Voting & meetings

Multiple owners of a unit collectively entitled to one (1) vote (Declaration §16.3)

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