The Beach at Longboat Key Condominium Association, Inc.

Key facts from The Beach at Longboat Key Condominium Association, Inc.'s documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title)

Governing law

Chapter 718 of the Florida Statutes (Condominium Act) (Preamble; Section 2.1)

Assessments & dues

By the Board of Directors through adoption of an Annual Budget and levying of assessments proportionally (each unit's share = undivided 1/15 interest in Common Elements). (Section 7(b); Section 9(a))

Special assessments

Not explicitly addressed; but assessments for reserves or reconstruction after casualty may be levied (Section 12(e)). (Section 12(e))

Collections & liens

Association has a lien on each unit for unpaid assessments; may foreclose in same manner as mortgage; may also obtain money judgment without waiving lien. Lien relates back to recording of Declaration except as to first mortgages (effective (Section 9(b)(2))

Reserves & fees

Reserves may be established by the Association from time to time. (Section 9(b) (preamble))

Leasing & rentals

Each Unit may be rented by owner for such periods as owner deems appropriate. (No rental restrictions per 2009 amendment). (Section 13(a) as amended)

Architectural approval

Yes, for any modification, alteration, painting, or change of appearance of any portion of Common Elements or Limited Common Elements; also any renovations to Units must be approved by Board as to when and how. (Section 8(b)(3); Section 8(c))

Home business

Not explicitly prohibited but all laws and zoning must be observed; no unlawful use. No explicit home business prohibition. (Section 13(c))

Signs & flags

One portable, removable United States flag may be displayed respectfully; on specified days (Armed Forces Day, Memorial Day, Flag Day, Independence Day, Veterans Day) portable, removable official flags not larger than 4.5 ft by 7.6 ft may b (Section 8(b)(3))

Maintenance

Not explicitly stated; as part of building, likely Association (common element). (Section 3.4(a) (upper boundary is unfini)

Insurance

Amount of deductible on insurance policy is a Common Expense assessed to all Unit Owners. (Section 12(e))

Use restrictions

Condominium is deemed a residential condominium. (Section 2.12)

Voting & meetings

Each Unit is entitled to one vote in the Association. (Section 10(a))

Amendments

By (1) 2/3 of Board and 2/3 of membership; or (2) 75% of membership; or (3) unanimous signed and acknowledged agreement of all Unit Owners. Notice required. Amendments recorded. (Section 18)

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