Park Central North

Key facts from Park Central North's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Section 3: 'the name by which this condo)

Units / lots

Not explicitly stated; 8 Voting Interests exist but number of units is not fixed (Section 4.19: 'There shall be four (4) V)

Developer / declarant

PARK CENTRAL NORTH, LLC (First paragraph: 'by PARK CENTRAL NORTH,)

Governing law

Florida Condominium Act (Chapter 718) (Section 2: 'in the manner provided by th)

Assessments & dues

Guaranteed not to exceed $6.00 per square foot per year during Developer control period, exclusive of electricity and real estate taxes (Section 10.13: 'assessments against Unit)

Special assessments

Allowed for unusual, nonrecurring or unbudgeted common expenses; during Developer control period, Developer exempt from capital improvement assessments unless Developer approves in writing (Section 10: 'special assessments for unu)

Collections & liens

Association has a lien on each condominium parcel for unpaid assessments; may foreclose in accordance with Condominium Act (Sections 10.8 (lien), 10.10 (foreclosure)

Reserves & fees

Association may establish reserves for replacement of significant Common Elements or Association Property (Section 10: 'The Association may also es)

Leasing & rentals

Yes, but subject to prior approval of Master Association in accordance with Master Declaration (Section 13.2: 'No owner of a Unit shall )

Parking & vehicles

Parking is on common area within Master Condominium and governed by Master Declaration (Section 7.2(I): 'Parking is on the commo)

Architectural approval

Yes, for alterations visible from outside or affecting Common Elements; interior alterations may not require approval if in compliance with building codes, but Association may require plans and approve (Section 11.4: 'the Association may requi)

Signs & flags

Must comply with Master Association signage requirements; only Developer may post for lease/sale signs; no other signs on property (Section 12.3: 'the Unite Owners must com)

Maintenance

Association (to extent not maintained by Master Association) (Section 11.1(E): 'Maintenance, repair an)

Insurance

Property (All Risk), Flood, Liability, Automobile, Worker's Compensation, Statutory Dishonesty Bond; amounts determined by Board (Section 14.3 (A)-(F))

Use restrictions

Prohibited; no unreasonable annoyance or nuisance to other occupants; consistent with first class commercial condominium (Section 12.5: 'No owner shall use his or)

Voting & meetings

Each Unit has Voting Interest determined by approximate area; total of 8 Voting Interests (Section 4.19: 'The Voting Interest for e)

Amendments

Required amendment to Exhibit B for unit boundary changes or subdivision; requires approval as set forth in Sections 20 and 21 (not included in excerpt); for condemnation amendments, only majority of Directors needed (Section 5.3: 'shall be proposed and appr)

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