Cannes in Pelican Bay

Key facts from Cannes in Pelican Bay's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (First paragraph (pursuant to Chapter 718)

Units / lots

Maximum 16 (4 buildings × 4 units per building) (Section 3.6 (maximum number of residenti)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (First paragraph)

Assessments & dues

By annual Operating Budget adopted by Association; quarterly assessments paid by unit owners based on undivided interest in Common Elements (Section 6.2)

Special assessments

Any assessment other than an assessment required by a budget adopted annually (Section 1.2(T))

Collections & liens

Association may place lien on unit for unpaid assessments and foreclose; includes reasonable attorney's fees; first mortgagee liability limited (Section 6.3(B), (C), (D))

Reserves & fees

Common Surplus owned by unit owners and applied as credit to future assessments (Section 6.1(C))

Leasing & rentals

Yes, but restricted (Section 12.3)

Home business

Allowed if no customers or clients visit the unit (Section 11.1 (Use of a portion of a Unit)

Signs & flags

Developer allowed sales signs; otherwise no explicit restriction but Board may regulate (Section 11.1 (Developer may maintain dis)

Setbacks / home size

Minimum 2,900 air-conditioned square feet, maximum 3,700 air-conditioned square feet (Section 3.6)

Maintenance

Association maintains (part of exterior portions) (Section 5.1(A) (all exterior portions of)

Insurance

Association obtains fire and extended coverage, vandalism and malicious mischief insurance, casualty insurance, public liability insurance (Section 8.1, 8.2, 8.3)

Use restrictions

Units shall not be used for commercial purpose, only residential (Section 11.1)

Voting & meetings

One vote per Unit owned (Section 14.1)

Amendments

By affirmative vote of 4/5 of voting interests; certain changes require consent of affected unit owners, first mortgagees, and Developer; Developer may amend before recording and after recording as long as owns at least one unit (Section 15.1 and 15.2)

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