Orange Blossom Tower Condominium Association, Inc.

Key facts from Orange Blossom Tower Condominium Association, Inc.'s documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and Section 2.3)

Governing law

Florida Condominium Act (Chapter 718 of the Florida Statutes) (Section 2.2, Section 3.1)

Assessments & dues

Board of Directors prepares budget and determines assessments; allocations are in accordance with Declaration and By-Laws; each Unit has undivided one-tenth interest in Common Elements and Common Surplus (likely equal share of assessments) (Section 14, Section 7.1)

Collections & liens

Association has lien on each Condominium Parcel for unpaid assessments, with interest and attorney's fees; may foreclose like a mortgage; 30 days notice required before foreclosure judgment; appointment of receiver to collect rent allowed (Section 15.2, 15.4, 15.5)

Reserves & fees

$2.00 per day up to a maximum of $20.00 for sums not paid within ten days of due date (Section 15.2)

Signs & flags

Developer has right to erect signs on Condominium Property to advertise Units for sale or lease while it owns Units (Section 6(g) (Easements))

Insurance

Unit Owners shall obtain and maintain individual casualty and general liability policies insuring property within boundaries of their Unit and for personal liability arising in use of their Unit and areas of Common Elements for which they h (Section 16.5)

Voting & meetings

Each Unit entitled to one vote; if Units combined, owner casts number of votes equal to combined Units (Section 7.2)

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