Flagship a Condo

Key facts from Flagship a Condo's documents

Reflects the 1987 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (THE FLAGSHIP, A CONDOMINIUM)

Legal name

THE FLAGSHIP, A CONDOMINIUM

Units / lots

463 Units (440 residential + 23 commercial) (four hundred and forty (440) Residential)

Governing law

R.S. 46:8B-1 et seq. (pursuant to the provisions of R.S. 46:8B)

Assessments & dues

Board of Directors fixes annual common expense assessments; payable in monthly installments due on the first day of each month. (The Board shall cause to be prepared ann)

Special assessments

Added assessment for operating expenses or unexpected repair no vote required; special assessment for capital improvements over $10,000 requires 66 2/3% of votes eligible, excluding Grantor. (added assessment for the purpose of defr)

Collections & liens

Each assessment is a continuing lien on the Unit, subordinate to municipal taxes and first mortgage lien; also personal obligation of owner. (each such assessment shall be a continui)

Use restrictions

No Residential Unit may be used for the conduct of any commercial enterprise except as authorized by Board. (no Residential Unit may be used for the )

Voting & meetings

Each Unit shall have the number of votes equal to its percentage interest in the Common Elements; 100 votes in the Association. (Each Unit shall have the number of votes)

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