Lake Vista I Condominium Associatio

Key facts from Lake Vista I Condominium Associatio's documents

Reflects the 1997 governing documents — figures and rules are as originally recorded and may have changed since.

Developer / declarant

HIDDEN BAY AT OSPREY, LTD., a Florida Limited Partnership (First page)

Governing law

Florida Condominium Act (Chapter 718 Florida Statutes) (Section 3.1)

Assessments & dues

Board of Directors prepares budget at least annually, determines amount of assessments, allocates among Unit Owners. (Section 14)

Collections & liens

Association has lien on each Condominium Parcel for unpaid assessments, interest, attorney's fees. Lien is effective upon recording of Declaration. Association may foreclose lien as a mortgage. (Section 15.2)

Reserves & fees

$2.00 per day up to a maximum of $20.00 for sums not paid within ten days of due date. (Section 15.2)

Architectural approval

Board must answer written request within 30 days after request and all additional information received; failure to do so constitutes consent. (Section 11.1)

Voting & meetings

Each Unit entitled to one vote; in event of combination, vote equals number of combined Units. (Section 7.2)

Amendments

Amendments may be made by Association with approval of Unit Owners in excess of 50% of Units and not less than 66-2/3% of Board, OR Unit Owners in excess of 66-2/3% of Units. Developer may amend during control period to correct errors, conf (Section 8)

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