The Fountains

Key facts from The Fountains's documents

Reflects the 1995 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

The Fountains, Unit No. 5, Condominium Association, Inc. (Preamble and Section 4.4)

Units / lots

120 (Section 4.17: There are one hundred and )

Governing law

Florida Condominium Act (Chapter 718, Florida Statutes) (Section 4, page 1)

Age restriction

No age restriction mentioned. (None)

Special assessments

Allowed for unusual, nonrecurring or unbudgeted common expenses. (Section 10 introductory paragraph)

Collections & liens

Association has a lien on each condominium parcel for unpaid assessments, interest, attorney's fees and costs. Lien is subordinate only to a recorded first mortgage as required by the Condominium Act. Foreclosure action allowed. (Sections 10.8, 10.9, 10.10)

Reserves & fees

Common expenses include amounts budgeted for funding reserve accounts. (Section 10.1)

Pets

Yes, one small pet per unit, of a normal domesticated household type (such as a cat or dog). (Section 12.3)

Leasing & rentals

Yes, with prior written approval of the Board of Directors. (Section 13.1)

Architectural approval

No material alterations or substantial additions to unit or common elements, or change in exterior appearance, without prior written approval of Board of Directors. (Section 11.4)

Home business

Prohibited; but personal professional library, handling personal/business telephone calls or written correspondence allowed as customarily incident to residential use. (Section 12.1)

Signs & flags

No person may post or display 'For Sale', 'For Rent', 'Open House' or other similar signs anywhere within the Condominium or on Condominium property. (Section 12.5)

Use restrictions

Each unit shall be occupied by only one family at any time, as a residence and for no other purpose. No business or commercial activity. (Section 12.1)

Voting & meetings

Each unit collectively entitled to one vote; total 120 voting interests (Section 4.17)

Amendments

Article XXII of original Declaration is not amended but set forth as Section 18; amendment percentage: 66 2/3% of Board and 51% of unit owners for adoption of this restatement. (Preamble and reference to Article XXII)

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