Park Shores North HOA

Key facts from Park Shores North HOA's documents

Reflects the 1981 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Paragraph 1)

Legal name

PARK SHORES OF INDIAN RIVER SHORES CONDOMINIUM ASSOCIATION, INC. (Paragraph 2c)

Developer / declarant

PARK SHORES LTD., a Florida joint venture (Preamble)

Governing law

Chapter 718, Florida Statutes, 1977, as amended (Paragraph 1)

Age restriction

No individual under twelve (12) years of age may reside in any Unit, except visits/temporary residence not to exceed thirty (30) days per calendar year (Paragraph 24a)

Assessments & dues

Board of Directors establishes an annual budget; each Unit Owner pays proportion based on 1/32 share of Common Property (Paragraph 18a)

Special assessments

May be made by Board of Directors from time to time to meet other needs or requirements, including emergencies, repairs, replacements, and infrequently recurring maintenance (Paragraph 18b)

Collections & liens

Association may foreclose its lien as provided in the Condominium Act; lien secures reasonable attorney's fees and costs (Paragraph 18e, 18g)

Reserves & fees

Board may provide for operating reserve not to exceed 15% of total projected Common Expenses; reserve accounts for capital expenditures and deferred maintenance required unless majority of Unit Owners vote otherwise (Paragraph 18a)

Pets

No animals or pets of any kind shall be kept except with written consent of Board of Directors and under rules adopted by Board (Paragraph 24b)

Leasing & rentals

Entire Units may be rented after approval by Board of Directors (Paragraph 24d)

Parking & vehicles

Each Unit assigned one separate covered parking facility as Limited Common Property; Developer assigns garage parking for one car per Unit (Paragraph 7a, 11)

Architectural approval

No structural modifications or alterations without written consent of Association; no exterior changes without prior written consent of Association (Paragraph 23)

Solar & roof

Association determines exterior color scheme of buildings and nature/color of all exterior decorative elements, fixtures, or furnishings (Paragraph 23)

Signs & flags

No signs of any type other than those required by law allowed on any part of the Condominium (Paragraph 23)

Maintenance

Association responsible for maintenance, repair, replacement of Common Property and Limited Common Property; Unit Owner responsible for maintenance/repair within Unit, including air conditioning/heating equipment serving only his Unit, inte (Paragraph 17a, 17b)

Insurance

Association required to obtain casualty insurance covering all improvements, all parts of buildings, exterior and interior, and fixtures, in amount equal to maximum insurable replacement value; also public liability insurance (Paragraph 20b)

Use restrictions

Each Unit restricted to single family, private residential use (Paragraph 24)

Voting & meetings

One (1) vote for each Unit; member owning more than one Unit may exercise as many votes as Units owned (Paragraph 16b)

Amendments

By-laws may be amended in manner provided therein, but no amendment affecting or impairing validity or priority of mortgage covering any Unit valid unless mortgagee joins in execution; modification/amendment to By-laws must be set forth in (Paragraph 16c)

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