West Lake Village Condominium Association, Inc.

Key facts from West Lake Village Condominium Association, Inc.'s documents

Community type

Condominium (I. Name 1.01: 'WEST LAKE VILLAGE CONDOMI)

Legal name

WEST LAKE VILLAGE CONDOMINIUM ASSOCIATION, INC. (I. Name 1.02)

Governing law

Florida Statutes Condominium Act (Submission Statement: 'pursuant to the r)

Assessments & dues

Common expenses assessed against unit owners in proportion to their ownership interest in common elements (percentages set forth in Exhibit C). (XXII. Common Expenses 22.02: 'The condom)

Special assessments

Allowed; see XIV.14.06(5) re deficiency for insurance restoration; also general power to levy special assessments for common expenses. (XIV.14.06(5): 'the Association shall pro)

Collections & liens

Association has lien on each condominium parcel for unpaid assessments, interest, and reasonable attorneys' fees; lien effective upon recording claim of lien. Foreclosure action in same manner as mortgage; notice requirements; receiver may (XXIII. Assessments 23.04(1), 23.05)

Reserves & fees

Not explicitly required; insurance surplus may be retained as reserve (XIV.14.08). (XIV.14.08: 'such balance may be retained)

Leasing & rentals

Prohibited (no transient tenants). (15.07)

Home business

Prohibited by implication (single family residence only); no explicit home business rule. (25.03)

Maintenance

Owner must maintain interior surfaces, fixtures, and pay for utilities separately metered; Association maintains common elements and limited common element exteriors (except parking spaces). Owner liable for unit interior conditions and mus (XXV. 25.02; XX. 20.03; XIII)

Insurance

Each unit owner shall purchase liability insurance for accidents within unit, insurance on personal property, and living expense insurance. (XIV. 14.15)

Use restrictions

Units shall be used only as a single family residence for owner and family and social guests. (XXV. Obligations 25.03: 'Not use or perm)

Voting & meetings

One vote per unit owned; if multiple owners, designate one voting member; vote of a unit cannot be divided. (V. Identification of Units 5.03)

Amendments

By 2/3 of unit owners executing amendment with deed formalities and recording; certain amendments require joinder of unit owner and lienholders (e.g., changing unit size or percentage). Minor scrivener errors corrected by Board or majority (IX. Amendment of Declaration 9.01, 9.02)

Amenities

Recreational facilities and lake depicted in Exhibit E are common elements; all unit owners have non-exclusive use, with ingress/egress easements. (XXI. Recreational Facilities and Lake)

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