Bayshore Gardens Home Owners Association, Inc.

Key facts from Bayshore Gardens Home Owners Association, Inc.'s documents

Community type

Condominium (Throughout)

Units / lots

32 dwelling units (Page 6 (Prospectus), Article IV (Declara)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Article I, Page 16)

Assessments & dues

Guaranteed initial assessment: Unit type A $181.76/month without reserves, $209.52/month with reserves (guarantee for 6 months after recording; may be extended in 3-month increments up to 2 years) (Prospectus page 8-9 (guarantee details))

Special assessments

Yes, for deficiency in insurance proceeds after casualty (Article XIII-H) and for Extraordinary Financial Event (natural disaster, not insured) during guarantee period. (Article XIII-H; Prospectus page 9)

Collections & liens

Article XVII provides for assessments as lien; enforcement by foreclosure (implied by reference to §718.116). (Table of Contents (Article XVII), not fu)

Reserves & fees

Reserves required by Act; Developer does not intend to waive reserve requirement. (Prospectus page 8)

Pets

Yes, with restrictions; Section XV paragraph D contains restrictions regarding pet ownership. (Prospectus page 8 (referring to Section )

Leasing & rentals

Yes, but with restrictions: Units may be transferred subject to a lease; Developer may rent unsold units; Amendment (2017) prohibits leasing during first three years of ownership for units taken title on or after amendment effective date. (Prospectus page 6 (Units may be transfer)

Voting & meetings

Each unit entitled to one vote; voting in accordance with By-Laws and Articles of Incorporation (Article VIII (Page 20))

Amendments

Requires 2/3 vote of unit owners; Developer may amend unilaterally while in control (except changes to unit size, percentages, or creating timeshare); amendment recorded with certificate of association. (Article XI (Page 21-22))

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