Sebastian Village Condo Resort Assn

Key facts from Sebastian Village Condo Resort Assn's documents

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

Legal name

Sebastian Village Condominium Resort Association, Inc. (Section 2.5)

Units / lots

13 (12 residential, 1 commercial) (Section 3.1)

Governing law

Florida Condominium Act (Chapter 718 of the Florida Statutes) (Section 2(a))

Special assessments

Special and Capital Improvement Assessments allowed. If aggregate exceeds $125,000 or causes total assessments to exceed 115% of prior year, require majority approval of Units at meeting with quorum. (Section 11.2)

Collections & liens

Association has lien on each parcel for unpaid assessments, interest, attorney's fees. Lien effective from recording of Declaration; for first mortgages, from recording claim of lien. Foreclosure action allowed. 30-day notice before foreclo (Section 11.3, 11.4, 11.5, 11.6)

Reserves & fees

Common Expenses include reserves required by the Act. (Section 2.12)

Pets

Yes, subject to conditions: permitted by law, not left unattended on terraces, not a nuisance, not a pit bull or dangerous breed as determined by Board. (Section 14.2)

Leasing & rentals

Yes, entire Residential Unit only. Subject to prior written approval of Association. Lease must be in writing and include compliance with Declaration and rules. No minimum lease term, no maximum number of rentals. (Section 14.6)

Voting & meetings

Each Residential Unit: 1 vote; Commercial Unit: 2 votes. Voting by Unit Owner. (Section 5.2, 9.4)

Amendments

Amendments require >80% of voting interests. Material Amendments (change configuration, size, appurtenances, timeshare, percentages) require >80% plus joinder of affected owners and mortgagees. Certain sections require mortgagee consent. De (Section 6.1, 6.2, 6.3, 6.4)

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