Ridgegate Land Condominium Association, Inc.

Key facts from Ridgegate Land Condominium Association, Inc.'s documents

Community type

Land Condominium (Section 2 (Name): "RidgeGate Land Condom)

Governing law

Chapter 718, Florida Statutes (Condominium Act) (Section 1: "Chapter 718, Florida Statute)

Assessments & dues

Not fixed; Board adopts annual budget; each Tract owner pays an equal share (one-fourth per quarter) (Section 14 (Assessments and Liens); Byla)

Special assessments

Board may levy equal special assessments for unanticipated expenditures; also specific assessments against owners causing expense or liability (Section 14)

Collections & liens

Association has all remedies including lien rights under Condominium Act, including late charges, accrued interest, costs, and reasonable attorney's fees (Section 14; Section 9(B) (for costs of m)

Reserves & fees

5% late penalty if not paid within 15 days of due date (Section 14: "subject to a late penalty o)

Parking & vehicles

No motor vehicle that cannot operate on its own power may remain on any Tract for more than 72 hours (Exhibit E item (14))

Signs & flags

No improvement (including signs) may be erected without approval of Tract Owners; Developer may erect sales/promotional signs on common elements or its own Tracts until all Tracts sold (Exhibit E item (1); Section 12)

Voting & meetings

Each Tract owner has one vote; if a Tract is jointly owned, the vote is divided among owners or may be exercised by one joint owner with written agreement; an owner of more than one Tract gets only one vote total, not one per Tract (Section 7)

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