The Belmont at St. Lucie West Condominium Association, Inc.

Key facts from The Belmont at St. Lucie West Condominium Association, Inc.'s documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Master Association for a condominium community (Title and Article I definitions)

Governing law

Florida Condominium Act, Chapter 718, Florida Statutes (Section 1.4, 6.10)

Assessments & dues

Determined annually by Board based on budget; allocated proportionately based on square footage of all Units. (Section 6.2)

Special assessments

Yes, for common expenses. Capital improvements over $100,000 or 10% of operating budget require Board approval and 75% member vote. (Section 6.2, 6.6)

Collections & liens

Unpaid assessments become a continuing lien on the Unit; Master Association may record claim of lien and foreclose. Lien subordinate to real property tax liens and first mortgage under certain conditions. (Section 6.9, 6.10)

Reserves & fees

Reserves funded or waived per applicable law; portion of regular assessments for reserves and special assessments held and may be invested. (Section 6.1, 6.12)

Parking & vehicles

Commercial vehicles not allowed in parking area or on Property except in a covered garage. (Section 8.7)

Voting & meetings

Each Owner is a Member; voting by votes each Voting Member is entitled to cast at meetings. (Section 3.1, 3.3)

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