The Condominiums at Marker 1 Condominium Association, Inc.

Key facts from The Condominiums at Marker 1 Condominium Association, Inc.'s documents

Reflects the 2024 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1.3 (THE CONDOMINIUMS AT MARKER )

Legal name

THE CONDOMINIUMS AT MARKER 1 CONDOMINIUM ASSOCIATION, INC. (Section 2.4 (THE CONDOMINIUMS AT MARKER )

Governing law

Florida Condominium Act, Chapter 718, Florida Statutes (Section 1.2, Section 2.1)

Collections & liens

Association has lien on each Unit for unpaid assessments, interest, attorneys fees; can foreclose like a mortgage; recorded claim of lien; may accelerate installments; may appoint receiver to collect rent (Section 12.3, 12.4)

Reserves & fees

Greater of $25.00 or 5% of each delinquent installment unless higher amount approved by Florida Condominium Act (Section 12.3)

Voting & meetings

Each Unit entitled to one vote; combined units treated as two units with two votes (Section 5.2)

Amendments

By affirmative vote of Unit Owners owning in excess of 2/3 of Units (Section 6.1); Developer may unilaterally amend during right to elect majority of Board for certain purposes (Section 6.2); Material amendments require consent of affected (Section 6)

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