Costa Verde Condominium Association Phase II, Inc.

Key facts from Costa Verde Condominium Association Phase II, Inc.'s documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title)

Units / lots

6 (anticipated: Units 100, 200, 300, 400, 500, 600) (5.2)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Article I)

Assessments & dues

Determined by annual budget; Developer guaranteed $1,000/Unit/month for first year (excluding reserves) (8.1, 8.3)

Special assessments

Allowed for non-recurring or unbudgeted Common Expenses (8.1 (definition 3.24))

Collections & liens

Lien for unpaid assessments; recorded Claim of Lien; foreclosure action allowed by Association; attorney fees recoverable (8.7, 8.8, 8.9)

Reserves & fees

Waived for first 2 fiscal years by Developer; thereafter may be waived annually by majority vote of members (8.1 (end))

Pets

Yes, up to 2 household pets per Unit (6.6)

Leasing & rentals

Yes, renting of entire Unit is not prohibited but restricted (6.10)

Parking & vehicles

Prohibited: no commercial vehicles, trucks, motorcycles, campers, trailers, mobile homes, motor homes, recreational vehicles, etc. except service vehicles while serving (6.5.11)

Architectural approval

Yes, for additions, alterations, improvements; Board or Architectural Control Committee approval required; also for changes to exterior appearance (7.4.1, 7.4.2, 7.4.8)

Home business

Not explicitly prohibited but must comply with lawful use (6.9) and no nuisance (6.8); likely restricted (6.8, 6.9)

Signs & flags

One portable, removable U.S. flag allowed; on specified holidays, portable flags representing armed forces (not larger than 4.5' x 6') (6.5.15)

Maintenance

Association (structural components include roofs) - 7.2.1 (7.2.1)

Insurance

Fire, casualty, flood, liability, workers' compensation and other insurance as provided (3.8.1.1)

Use restrictions

Yes, each Unit used and occupied as a single family residence only; no more than one family per Unit (6.2)

Voting & meetings

Voting Interests distributed per Condominium Act and Declaration (3.30)

Amendments

Developer may amend to reflect substantial completion without approval of others (4.6). For boundary changes, need record owner(s), mortgagee(s), and majority of other unit owners consent (5.10). Association may amend easements (4.5). Gener (4.6, 5.10, 4.5)

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