Lwr Technology Park Condominium Association, Inc.

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

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Paragraph 3 and title)

Legal name

LWR Technology Park Condominium Association, Inc. (Paragraph 1.C)

Units / lots

18 (if all six phases are built: Phase I=4, Phase II=3, Phase III=1, Phase IV=3, Phase V=4, Phase VI=3) (Paragraph 23)

Governing law

Chapter 718, Florida Statutes (2005) (Paragraph 1.A and 2)

Assessments & dues

By Board budget; each Unit's share is based on its square footage fraction of total square footage (Paragraph 5 and 15)

Special assessments

Board may levy special assessments if necessary (Paragraph 15)

Collections & liens

Yes, the Association has the remedies and liens provided by the Act for unpaid assessments (Paragraph 15)

Reserves & fees

10% or such other late charge as established by resolution of the Board (Paragraph 15)

Parking & vehicles

Parking spaces are limited common elements assigned by Developer; parking only in designated spaces or loading zones; no parking of damaged, inoperable, RV, boat, camper, bus without consent (Paragraph 7.A and 14.D,E)

Home business

Yes, the condominium is designated as a commercial condominium on the plat (Sheet 3 of Plat: "A COMMERCIAL CONDOMINI)

Voting & meetings

Each Unit is entitled to one vote (Paragraph 9)

Amendments

By affirmative vote of at least two-thirds of voting rights; but provisions on percentages of ownership, Developer rights, mortgagee rights, voting, termination require consent of all adversely affected. Developer may unilaterally amend to (Paragraph 22)

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