Professional Park Land Condominium Association, Inc.

Key facts from Professional Park Land Condominium Association, Inc.'s documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Land Condominium (Title and Section 1.1: 'PROFESSIONAL PAR)

Legal name

PROFESSIONAL PARK LAND CONDOMINIUM ASSOCIATION, INC. (Section 2.4)

Governing law

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

Assessments & dues

Board of Directors adopts Annual Budget of Common Expenses which determines assessments. (Section 6.3: 'The Board of Directors of )

Special assessments

Permitted; e.g., for owner failure to maintain or for association-procured insurance. (Section 5.5; Section 8.10(a))

Collections & liens

Lien for unpaid assessments and other sums, including attorney's fees and costs; foreclosure permitted; receiver may be appointed; rental may be required. (Sections 6.5 and 6.6)

Reserves & fees

Interest at 18% per annum on sums not paid within 10 days after due date. (Section 6.4)

Voting & meetings

Each Land Unit (Unit Owner) entitled to one vote per Land Unit. In case of tie, Benji Gene from Broward County casts deciding vote; if Benji Gene resigns, Owner of Land Unit 1 chooses new board member with approval of Owner of Land Unit 2. (Section 7.8: 'Owner of Land Unit 1 shall)

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