Oasis on Osprey Condominium Association, Inc.

Key facts from Oasis on Osprey Condominium Association, Inc.'s documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article 1.1)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Article 1.1)

Assessments & dues

Not set; Board determines sums necessary for Common Expenses. (Section 6.1)

Special assessments

Allowed for unanticipated expenditures. (Section 6.1)

Collections & liens

Association has lien on Unit for unpaid assessments; foreclosable like mortgage. (Section 6.3)

Reserves & fees

Common Expenses include amounts for reserve accounts. (Section 6.1 and Article 2.9 (definition )

Pets

Yes, up to 2 domestic household pets per Unit. (Section 10.9)

Leasing & rentals

Yes, with prior approval of Association. (Section 11.1)

Parking & vehicles

Not specifically addressed, but all vehicles must be operable and have current license tag; repairs limited to minor (battery/tire) and not more than one day. (Section 10.8)

Architectural approval

Yes, Board approval required for material alterations or substantial additions, including changes to exterior appearance. (Section 5.4)

Home business

Prohibited, except Association business and rental of Unit is not considered a business. (Section 10.2)

Signs & flags

One portable removable U.S. flag allowed; on Armed Forces Day, Memorial Day, Flag Day, Independence Day, Veterans Day: additional portable flags up to 4'x6' for Army, Navy, Air Force, Marine Corps, Coast Guard. (Section 10.6)

Maintenance

Association (Section 5.1.F)

Insurance

Association obtains fire, wind, general casualty, flood, extended casualty insurance on all insurable improvements, including Units and Common Elements, for full replacement/insurable value. (Section 8.3)

Use restrictions

Yes, each Unit restricted to single-family residential use. (Section 10.1)

Voting & meetings

Each Unit entitled to one vote; joint owners cast vote as provided in Bylaws. (Section 7.4)

Amendments

By resolution of Board or 20% of Members; requires 2/3 vote of voting interests present/proxy or written consent; notice of subject matter included in meeting notice; mortgagee consent required for certain amendments. (Article 12.1 and Section 9.1)

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