Five Little Palms Condominium Association

Key facts from Five Little Palms Condominium Association's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (PAGE 3)

Developer / declarant

Five Little Palms, LLC (PAGE 1)

Governing law

Florida Condominium Act (Chapter 718) (Article I (Association Documents definit)

Assessments & dues

Board fixes date and amount at least 30 days in advance; notice to owners within 15 days (Article III Section 3.8)

Special assessments

Allowed with assent of 51% of votes at meeting with 30 days written notice (Article III Section 3.5)

Collections & liens

Association may record lien and foreclose; lien subordinate to institutional mortgage if recorded prior; 45-day notice required before filing lien (Article III Sections 3.11, 3.12, 3.13)

Reserves & fees

Establishment of reserve accounts for capital expenditures and deferred maintenance is a purpose of assessments (Article III Section 3.4(K))

Pets

No pets of any kind may be maintained, kept, raised, bred or brought onto the condominium property (Article VIII Section 8.10)

Leasing & rentals

Yes; short-term vacation rentals or longer with prior Board approval (Article X Section 10.1; Article VIII Sec)

Parking & vehicles

Each unit has two designated parking spaces; vehicles must be current and properly licensed; commercial vehicles only temporarily (Article VIII Section 8.8)

Fences

No chain link fences except by Developer; no fences installed by unit owner (Article VIII Section 8.9)

Solar & roof

Exterior color and design of all Units shall be consistent with original community layout and design constructed by Developer (Article VIII Section 8.2)

Home business

No unlicensed commercial activity without Association approval (Article VIII Section 8.4)

Signs & flags

No signs, advertisements, notices exhibited by Unit Owners (Article VIII Section 8.16)

Maintenance

Unit Owner (part of 'roof replacement' in Section 4.1) (Article IV Section 4.1)

Insurance

General liability of at least $1,000,000 covering Common Area improvements and activities; hazard insurance at not less than 75% insurable value; directors and officers liability (Article VII Section 7.1)

Use restrictions

Each unit to be occupied as a single family unit; may be used for condominium living and rentals (Article VIII Section 8.1)

Voting & meetings

Two classes: Class A (unit owners) – 1 vote per unit; Class B (Developer) – 1 vote plus 2 votes for each Class A vote in aggregate (Article V Section 5.9)

Amendments

Before Turnover Date: Developer may unilaterally amend; after Turnover Date: 75% vote of members; no amendment impairing mortgagee security without consent; Developer's written consent required for amendments affecting Developer's rights (Article IX)

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