The Residences at Sarasota Condominium Association, Inc.

Key facts from The Residences at Sarasota Condominium Association, Inc.'s documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

THE RESIDENCES AT SARASOTA CONDOMINIUM ASSOCIATION, INC. (§2(c))

Governing law

Chapter 718, Florida Statutes (Condominium Act) (§2(m))

Assessments & dues

Board estimates Common Expenses and assesses proportionally according to undivided share in Common Elements (as per Exhibit E) (§16(c), §10, §11(a))

Special assessments

Board may levy additional assessments if funds insufficient or in emergencies (§16(d))

Collections & liens

Association has lien on each unit for unpaid assessments; effective from recording of Declaration or amendment; may foreclose like real estate mortgage (§16(f), (i))

Reserves & fees

Common Expenses include reserves for replacements and operating reserves (§16(b) (list includes 'reserves for repl)

Use restrictions

Multi-family residential condominium (part of hotel building) (§3 (second paragraph): 'The Condominium )

Voting & meetings

One vote per condominium unit; if multiple owners, one voting member designated except husband/wife may both attend but one vote per unit (§13(c), (d))

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