Mahan Professional Cener Condominium Building Number Six

Key facts from Mahan Professional Cener Condominium Building Number Six's documents

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

Community type

Condominium (Preamble and Section 1)

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) (Section 1, 2.1)

Assessments & dues

Board prepares and adopts a budget at least annually, determines assessments for Common Expenses (Section 11.1: 'The Board shall from time)

Special assessments

Allowed by Board when expenditures cannot be made from regular assessments; levied in same manner as regular assessments (Section 11.1: 'the Association may make )

Collections & liens

Association has a lien on each Unit for unpaid assessments, interest, and attorneys' fees; can foreclose like a mortgage; also can obtain money judgment (Section 12.5, 12.6: 'lien ... secure the)

Reserves & fees

$25.00 or 5% of each late assessment, whichever is greater; due if not paid within 10 days after due date (Section 12.3: 'subject to an administrat)

Leasing & rentals

Yes, Unit or portion may be leased for any permitted use; tenant bound by all governing documents (Section 17.1(c): 'A Unit or any portion )

Architectural approval

Yes, for additions/modifications/alterations/improvements that affect exterior appearance of the building; also any changes to Common Elements require Board approval (Section 10.1, 10.2: 'no alterations or f)

Insurance

Casualty insurance on buildings and improvements at 100% replacement cost; public liability insurance of at least $1,000,000; flood insurance if determined; worker's compensation; fidelity bonds (Section 14.2(a), (b), (d): 'insure in an)

Use restrictions

Prohibited; units shall be used for professional office purposes only, not residential (Section 17.1(a): 'Each of the Units shal)

Voting & meetings

One vote per Unit (Section 13.7: 'there shall be only one ()

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