Westpark Professional Office Park

Key facts from Westpark Professional Office Park's documents

Community type

condominium (Title and Section 1.2)

Governing law

Florida Condominium Act, Chapter 718, Florida Statutes (Section 1.2)

Assessments & dues

Board prepares budget at least annually, determines assessments for Common Expenses and Limited Common Expenses, allocates among Owners based on Allocated Interest (percentage based on square footage). (Section 9.1)

Special assessments

Board may levy assessments for nonrecurring costs or capital improvements. Purpose must be set forth in written notice. Funds used only for that purpose or returned/credited. (Section 9.10)

Collections & liens

Association has a lien on each Condominium Parcel for unpaid assessments and charges (to extent allowed by law), with interest and attorney's fees. Lien relates back to recording of Declaration. Association may foreclose lien as a mortgage. (Sections 9.3, 9.4, 9.5)

Reserves & fees

Budget may contain reserves for capital expenditures and deferred maintenance, but reserves may be waived in accordance with By-Laws. (Section 9.1)

Leasing & rentals

Leasing is not prohibited; future amendments imposing additional restrictions on renting do not apply to current owners unless they consent. (Section 5.4(c))

Parking & vehicles

Reserved parking spaces may be assigned as Limited Common Elements by Developer (initially) and by Association after Developer sells last Unit. Transfer of exclusive use allowed by deed. Board may change assignments with Owner consent and D (Section 3.3(b))

Architectural approval

Owner must obtain prior written consent from Board for any alterations to Common Elements, Association Property, Unit, or Limited Common Elements. Board may withhold consent for any reason including aesthetics. (Section 7.2(a))

Signs & flags

Monument signage and Building Signage may be assigned as Limited Common Elements. Assignment by Developer initially, then transferable among Owners. (Section 3.3(a))

Maintenance

Owner: repairs to own Unit and appurtenant Limited Common Elements (structural and nonstructural, including windows, interior doors, utilities, fixtures, etc.). Association: repairs to Common Elements and Limited Common Elements (except as (Sections 6.1, 6.2)

Insurance

Owner may obtain insurance on personal property and liability at Owner's expense. (Section 10.1(f))

Voting & meetings

Each Owner of a Unit is entitled to one vote. If a Unit is divided, each resultant Unit has one vote. At no time may more than one vote be cast for one Unit. (Section 4.3)

Amendments

By Association: notice required; may be proposed by majority of Board or by 1/3 of members; adopted by: (i) Owners owning >50% of Voting Interests plus at least 66-2/3% of Board; or (ii) after turnover, 67% of Voting Interests represented a (Article 5, particularly Sections 5.1, 5.)

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