Ocean Pearl Condominium Association, Inc.

Key facts from Ocean Pearl Condominium Association, Inc.'s documents

Reflects the 2025 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title: 'OCEAN PEARL, A CONDOMINIUM' (OR )

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) (Original Declaration Section 1.2 and Sec)

Assessments & dues

Board of Directors prepares a budget at least annually, determines amount of assessments, allocates among Unit Owners (Original Declaration Section 11.1)

Special assessments

Implied: Board may levy special assessments for costs of repairs as provided in Amendment No. 3 (last sentence); capital additions costing over $25,000 need unit owner approval, costs become common expenses (Section 8) (Amendment No. 3 (Section 7.1 final parag)

Collections & liens

Association has a lien on each condominium parcel for unpaid assessments, interest, attorney's fees. Lien effective from recording of Declaration as to all; as to first mortgagees, effective from recording a claim of lien. Foreclosure actio (Original Declaration Sections 12.2, 12.3)

Reserves & fees

Not established; only working capital fund mentioned (Not found)

Voting & meetings

Each Unit entitled to one vote, cast by Owner in accordance with By-Laws and Articles of Incorporation (Original Declaration Section 5.2)

Amendments

Amendments require notice of subject matter; may be proposed by majority of Board or by at least 1/3 of members. Before Unit Owners elect majority of Board: approval by majority of Units represented at meeting with quorum and by not less th (Original Declaration Section 6)

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