Village at Grayton Beach Phase 1 Homeowners Association, Inc.

Key facts from Village at Grayton Beach Phase 1 Homeowners Association, Inc.'s documents

Reflects the 1985 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Preamble)

Governing law

Chapter 718 of the Florida Statutes (Preamble and Article II.1)

Assessments & dues

Initial projected estimated annual maintenance budget attached as Exhibit G (Article XVII.1.K)

Special assessments

Board may levy additional assessments if budget insufficient or in emergencies (Article XVII.1.C)

Collections & liens

Association has lien on unit for unpaid assessments; may be foreclosed like real estate mortgages; claim of lien recorded valid for 1 year unless action commenced (Article XVII.1.H and I)

Reserves & fees

Mentioned: reserve for replacement fund for insurance repairs (Article XIII (insurance proceeds deficie)

Pets

Not explicitly mentioned in declaration (Entire document)

Leasing & rentals

Yes; apartment may be leased on temporary or permanent basis, daily or long period (Article XII.1)

Architectural approval

Yes; written consent of association required for structural modifications or alterations (Article XII.10)

Signs & flags

Not explicitly mentioned; but no business signs implied (Article XII.6)

Setbacks / home size

Two stories (Article II.2 (a))

Maintenance

Part of common property (outside walls, contributing to support); association maintains (Article IX.A.3)

Insurance

Board may approve deductible provisions (Article XIII.2.A (subject to deductible )

Use restrictions

Each apartment restricted to residential use by owner, immediate family, guests, invitees, or lessees (Article XII.1)

Voting & meetings

One vote per apartment owned (Article VI)

Amendments

By 66-2/3% of board and 51% of members, or 75% of members, or unanimous agreement of all owners; developer may correct legal descriptions without approval; no amendment impairing institutional lender's security (Article VII)

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