Point of Rocks Beach Condominium Association, Inc.

Key facts from Point of Rocks Beach Condominium Association, Inc.'s documents

Reflects the 1995 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Article I: submission to condominium own)

Legal name

POINT OF ROCKS BEACH CONDOMINIUM

Units / lots

2 Units (Two Units) (Article V section 5.3.3: "aggregate of T)

Developer / declarant

POINT OF ROCKS BEACH ASSOCIATES, INC.

Governing law

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

Assessments & dues

Set by Board through adoption of Budget; for each Unit determined by multiplying Aggregate Annual Assessment by its percentage share of Common Expenses (Article XVI sections 16.1, 16.2, 16.3)

Special assessments

Allowed for extraordinary expenses, construction or reconstruction exceeding insurance proceeds, failure of Owner to maintain, failure of other Owners to pay, or other reason determined by Board (Article XVI section 16.2; Article XIV se)

Collections & liens

Association has a continuing charge and lien on each Unit for unpaid assessments, interest, costs, and attorneys' fees; lien effective upon recording a claim of lien; foreclosure in manner of mortgage of real property (Article XVI sections 16.7, 16.9(c))

Reserves & fees

Developer may vote to waive setting aside reserves for first two years; thereafter reserves may only be waived or reduced upon vote of majority of all nondeveloper voting interests in person or by limited proxy at a duly called meeting (Article XVI section 16.4)

Pets

Yes, but limited: not more than 2 dogs, or 2 cats, or 1 dog and 1 cat, and fish and birds; provided same do not become a nuisance; authorized pets only on Common Elements when on a leash, accompanied by its owner, and only so long as the pe (Article IX section 9.2)

Leasing & rentals

Yes, subject to Declaration; any lease of a Unit shall be in writing and shall provide that the lease is subject in all respects to the terms of this Declaration and that failure by lessee to comply shall be a default under the lease (Article XV sections 15.1, 15.2)

Fences

Privacy fences initially constructed by Developer within units; owners may add later with Board approval of plans and specifications, subject to aesthetic consistency (Article V sections 5.3.1, 5.3.2)

Architectural approval

Yes, Board approval required for: construction of improvements (plans and specifications approval), antennas or aerials on Common Elements or exteriors, awnings/canopies/shutters, any change to exterior appearance, structural additions or a (Article V section 5.3.2; Article IX sect)

Home business

Prohibited except as permitted for Developer (Article IX section 9.1: "no commercial o)

Maintenance

Owner responsible for roof maintenance, repair and replacement (Article XII section 12.1.1: "all outside)

Insurance

Association shall obtain: adequate fidelity bonds; comprehensive public liability insurance with minimum $500,000 per occurrence; property insurance for full replacement cost of Common Elements with extended coverage, vandalism, malicious m (Article XIII sections 13.1.2, 13.1.3)

Use restrictions

Each Unit for single-family residential use only; commercial occupation or activity prohibited except by Developer (Article IX section 9.1)

Voting & meetings

Each Unit entitled to one vote; if multiple owners, one vote collectively; vote cast by person named in certificate filed with Association (Article XI section 11.2)

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