Sebastian R/O Condo Assn

Key facts from Sebastian R/O Condo Assn's documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and Article I)

Legal name

SEBASTIAN R/O CONDOMINIUM ASSOCIATION, INC., a Florida not for profit corporation (Article VI, page 7)

Units / lots

5 (no more than a total of five (5) Units) (Article I, page 1)

Governing law

Chapter 718, Florida Statutes (Florida Condominium Act), as amended from time to time (Article I, page 1; Article II, page 2)

Reserves & fees

Board may provide for operating reserve not to exceed fifteen (15%) percent of total projected common expenses for the year. (Article VIII, page 9)

Leasing & rentals

Units may be leased or rented only with prior written approval of Board of Administration. Minimum lease term of six (6) months. (Article XI, Sections C and D, page 24)

Parking & vehicles

Parking spaces are common elements. Developer reserves right to designate exclusive use of certain parking spaces (revocable license). Majority of parking spaces will remain open for all owners and guests. No labeling of parking spaces perm (Article V, page 6; Article X, Section B,)

Use restrictions

Each Unit restricted to general commercial retail or medical office or dental office use. Developer may continue automotive repair and service (Transmasters) in Unit A. (Article XI, page 22)

Voting & meetings

Voting interests are set forth on EXHIBIT “C” (not reproduced). Each unit's votes are specified on said exhibit. Owners of units collectively entitled to votes per unit; if multiple owners they designate one individual. (Article VII, page 7-8)

Amendments

May be amended by owners of a majority of voting interests recorded in Public Records. No amendment materially affecting mortgagee or developer without their consent. No amendment altering share of common elements or common expenses except (Article XIV, page 29)

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