Chelsea Condominium Association of Vero Beach, Inc.

Key facts from Chelsea Condominium Association of Vero Beach, Inc.'s documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Section 1.3)

Governing law

Florida Condominium Act (Chapter 718 of the Florida Statutes) (Section 2.1)

Assessments & dues

Initial guarantee of $850.00 per Unit (Developer guarantee period), actual amount set by Board annually (Section 13.7)

Special assessments

Special Assessments and Capital Improvement Assessments may be levied; if aggregate exceeds $5,000 or total assessments exceed 115% of prior year, majority vote required (Section 13.2)

Reserves & fees

Common Expenses include reserves required by Act or established by Association (Section 2.10)

Architectural approval

Prior written consent of Board of Directors required for any addition, alteration, improvement to Unit, Limited Common Element, or Common Element (Section 9.1)

Voting & meetings

One vote per Unit, cast by Unit Owner (Section 5.2)

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