St. Nicole

Key facts from St. Nicole's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title: "DECLARATION OF CONDOMINIUM OF ST)

Governing law

Chapter 718, Florida Statutes (2000) (Recitals; Section 1.2)

Assessments & dues

Based on annual budget; each unit pays share equal to undivided interest in Common Elements (1/97th) (Declaration Art. 4 (page 1256): "undivid)

Special assessments

Any assessment levied against Unit Owners other than an assessment required by a budget adopted annually (Declaration Section 1.2.Q (page 1253))

Collections & liens

Association has lien for unpaid assessments, may foreclose, may recover attorneys’ fees (Declaration Art. 6.3.B, C (pages 1259-12)

Reserves & fees

A reasonable and adequate reserve fund to provide for contingencies is included in Common Expenses (Declaration Section 1.2.G (page 1252))

Leasing & rentals

Yes, with restrictions (Declaration Art. 12.1.H (page 1268))

Parking & vehicles

Parking spaces assigned as Limited Common Elements; unassigned spaces for guests. Rules set by Association. (Declaration Art. 3.5 (page 1256))

Architectural approval

Prior written approval of Board required for any visible change to Common Elements, Limited Common Elements, or exterior of building (Declaration Art. 5.1 (page 1257-1258): ")

Insurance

Fire, extended coverage, vandalism, malicious mischief, casualty insurance on improvements; public liability insurance on common elements; windstorm, flood (Declaration Art. 8.1, 8.2, 8.3 (pages 12)

Use restrictions

Condominium Unit shall not be used for commercial purpose (Declaration Art. 11.1.A (page 1265))

Voting & meetings

One vote per unit (Declaration Art. 14.1 (page 1269): "one )

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