Porpoise Bay Villas Condominium Association, Inc.

Key facts from Porpoise Bay Villas Condominium Association, Inc.'s documents

Reflects the 1979 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

THE PORPOISE BAY CONDOMINIUM ASSOCIATION, INC. (Phase II Declaration, Section 4)

Governing law

Chapter 718, Florida Statutes (1977) (Phase II Declaration, Section 1 (Purpose)

Special assessments

Board may levy special assessments for emergencies, repairs, replacements, infrequent maintenance, or other authorized acts (Phase II Declaration, Section 12.b)

Collections & liens

Association has lien under Florida Statutes Section 718.116; may foreclose; lien includes attorney's fees and costs (Phase II Declaration, Sections 12.e, 12.)

Reserves & fees

Operating reserve not to exceed 15% of total projected common expenses for the year (Phase II Declaration, Section 12.a (firs)

Leasing & rentals

Yes, but subject to Association's right of first refusal; leases must be approved by Board; no sublease or assignment without Board approval (Phase II Declaration, Section 24 (a, b, )

Use restrictions

Each unit restricted to single-family private residential use (Phase II Declaration, Section 21)

Voting & meetings

One vote per unit; owner of multiple units receives one vote per unit (Phase II Declaration, Section 4 (last pa)

Amendments

Not fully specified in provided text; Phase I was amended by Board resolution; Phase II declaration likely requires formal amendment but not detailed (Phase I Amendment; no explicit provision)

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