Academy Park Condominium Association, Inc.

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

Community type

Condominium (Definition of Condominium in Section 1.0)

Units / lots

Maximum 60 units; initially 20 units (Phases I-III) as per amendment (Paragraph 4; Amendment Paragraph 10 tabl)

Governing law

Chapter 718 of the Florida Statutes (Condominium Act) (Submission Statement, first paragraph)

Assessments & dues

Initial budget in Exhibit C (not provided in excerpt). Budget determined by Board annually. (Section 18.01-18.02)

Special assessments

Board may levy special assessments if necessary for unanticipated expenditures or enforcement of Declaration. (Section 18.02)

Collections & liens

Association has lien on each Condominium Parcel for unpaid assessments. May record Claim of Lien and foreclose like a mortgage. (Section 19.05)

Reserves & fees

Required to fund reserve accounts for capital expenditures and deferred maintenance as per Condominium Act, unless properly waived or reduced. (Section 17.01(b))

Pets

Yes, subject to prior written Board approval (sole and absolute discretion). (Section 28(a))

Parking & vehicles

Commercial trucks not permitted for more than 4 hours except for construction, repair, moving, or grounds maintenance. No overnight parking of commercial trucks, vans, etc. Vans for personal passenger use permitted. (Section 28(f))

Architectural approval

Board approval required for material alterations or substantial additions to Common Elements or Limited Common Elements (Section 13.01). No painting or decorating exterior without approval (Section 13.02). Hurricane shutters must conform to (Sections 13.01, 13.02, 28(d))

Signs & flags

No signs, advertising, or notices of any kind without prior written Board approval. Developer may post until all its Units are sold. (Section 28(h))

Use restrictions

Each Unit shall be used only as a residence. (Section 28(e))

Voting & meetings

One vote per Unit (each Condominium Parcel), cast by Voting Representative (Sections 22.02, 6.04)

Amendments

Amendment requires approval of 2/3 of Board and 2/3 of Voting Representatives casting vote, or 70% of Voting Representatives casting vote (Section 29.01). Also possible by written consent of 50%+ of Voting Representatives (Section 29.02). M (Sections 29.01, 29.02, 27.01)

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