Lido Regency Condominium Association

Key facts from Lido Regency Condominium Association's documents

Reflects the 1999 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 2.6)

Governing law

Florida Condominium Act (Section 2 (Definitions) and throughout)

Assessments & dues

Fixed and determined by the Association; procedure set forth in Bylaws; must be no less than required to provide funds for Common Expenses (Section 12)

Special assessments

Not explicitly named but implied by assessments for reconstruction after casualty (Section 16.2(d)) (Section 16.2(d))

Collections & liens

Association has a lien on each unit for unpaid assessments, interest, attorneys' fees, and costs. Lien may be foreclosed like a mortgage. Money judgment also available. Mortgagee acquiring title via foreclosure not liable for pre-acquisitio (Sections 12.2, 12.4)

Reserves & fees

Screening fee not to exceed $100.00 may be required upon sale, lease, gift, devise, etc. (Section 18.2(c))

Leasing & rentals

Yes, but only entire units, with restrictions. (Section 17.1(r), Section 18.1(b))

Parking & vehicles

Prohibited on streets within condominium property. (Section 17.1(s) (no parking permissible )

Fences

Not specifically mentioned; but no exterior structures or fixtures without Board consent. (Section 17.1(e))

Architectural approval

Yes, for any alterations, additions, changes to exterior, etc. Board approval required. (Section 17.1(d), (e); Section 11.5 for m)

Home business

Not expressly forbidden but limited by single family residence use and prohibition of commercial vehicles and signs. (Sections 17.1(a), 17.1(s), 17.1(d))

Signs & flags

Not explicitly mentioned, but subject to sign restrictions and exterior appearance rules. (Section 17.1(d))

Maintenance

Association (as part of Common Elements). (Section 6.2 (Improvements not included i)

Insurance

Board of Directors establishes deductible amount (Section 15.2(e)). (Section 15.2(e))

Use restrictions

Units shall be used for single family residence purposes only. (Section 17.1(a))

Voting & meetings

Each unit owner has one vote per unit (implied by membership and voting interests) (Sections 7.5, 11.7, 12.4, 18.2, 21.2, et)

Amendments

Amendment may be proposed by Board or 20% of members; requires majority of all voting interests; notice 14 days prior to meeting; must be recorded; no amendment affecting mortgagee rights without consent of all institutional mortgagees (Sec (Section 21)

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