Sterling Bay Condominium Association, Inc.

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

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Governing law

Florida Condominium Act (Chapter 718 of the Florida Statutes) (Section 1.2 & Definition of 'Act')

Assessments & dues

Board prepares annual budget and determines Assessments; allocated per percentage interest in Common Elements (Section 10.1)

Special assessments

Any Assessment not required by annual budget; must have stated purpose; excess becomes Common Surplus (Section 2 (definition) and Section 10.6)

Reserves & fees

Board shall include reserve funds for repair and replacement of Common Elements as required by Act; Developer may waive reserves (Section 10.5)

Leasing & rentals

Leasing allowed subject to Association approval (Section 16.1.2 and 16.2)

Architectural approval

Board has 30 days after receipt of request to approve or disapprove (Section 8.2)

Signs & flags

Section 15.10 addresses signs (text not provided in excerpt) (Table of Contents Section 15.10)

Use restrictions

Section 15.7 addresses nuisances (text not provided in excerpt) (Table of Contents Section 15.7)

Voting & meetings

One vote per Unit, regardless of number of owners (Section 5.2: "Each Unit shall be entitle)

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