Bayside Villas of Panancea

Key facts from Bayside Villas of Panancea's documents

Community type

Condominium

Legal name

Bayside Villas Of Panacea, A Condominium

Developer / declarant

Bayland Development Company

Governing law

Florida Condominium Act (Article 1(1))

Special assessments

Any assessment other than annual budget assessment (Article I, Section (21))

Collections & liens

Association has lien for unpaid assessments, may foreclose like mortgage (Article V, Section 5.04)

Reserves & fees

Common Surplus may be added to reserve fund at Association discretion (Article V, Section 5.05)

Leasing & rentals

Units may be leased (Article VII, Section 7.05)

Architectural approval

Written consent of Association for alterations to Unit or Common Elements (Article IX, Sections 9.03(4), 9.03(5))

Home business

Allowed ancillary office if permitted by zoning (Article VII, Section 7.01)

Insurance

Property damage insurance at full replacement value, all-risk (Article X, Section 10.06)

Use restrictions

Each Unit or any two or more adjoining Units used together shall be used only as a residence (Article VII, Section 7.01)

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