Laguna Yacht Village Condominium

Key facts from Laguna Yacht Village Condominium's documents

Community type

Condominium

Legal name

Laguna Yacht Village, a Condominium

Developer / declarant

Laguna Development Company, U.L.L.C.

Governing law

Chapter 718 Florida Statutes (Condominium Act) (Preamble)

Assessments & dues

$1,302.00 per Unit per calendar quarter (initial guarantee) (§16.11)

Collections & liens

Association has lien on condominium parcel for unpaid assessments; may foreclose as mortgage (§16.05, §16.06)

Reserves & fees

Greater of $25 or 5% of delinquent installment (§16.04)

Pets

Only common household pets of Owners; tenants not permitted pets (§19(j))

Leasing & rentals

Allowed, but minimum lease term of 30 consecutive days (§19(k))

Parking & vehicles

Limited to driveways, garages, carports, and designated areas (§19(b))

Architectural approval

Board approval required for material exterior alterations, landscaping changes, and installation of larger satellite dishes (§12.02, §12.01, §19(a))

Maintenance

Owner maintains Unit improvements except landscaping and irrigation; Association maintains Common Elements and Limited Common Elements as specified (§12.01, §9.03)

Insurance

Flood and casualty insurance on improvements (full replacement cost); liability insurance minimum $250,000 (§24.01, §24.02)

Use restrictions

Improvements on Unit used and occupied solely as single family residential dwelling (§19(f))

Amendments

Amendment by 2/3 vote of Unit Owners or unanimous written consent; developer has unilateral amendment rights for certain purposes (§28.01, §28.02, §28.06)

Amenities

Swimming pool, gazebo, boardwalk, boat docking facility with 10 boat slips (§7.01(g),(h),(j), §26)

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