Condo Common Elements For Sale In Florida

State:
Multi-State
Control #:
US-00454
Format:
Word; 
Rich Text
Instant download

Description

The Master Deed establishes a condominium project in Florida, detailing the common elements available for sale, along with specific rights and responsibilities of co-owners. It defines the General Common Elements, including roadways, landscaping, and utilities, alongside Limited Common Elements such as private driveways and beach areas designated for individual units. Designed for various stakeholders including attorneys, developers, and property owners, this form provides crucial information on compliance with the Florida Condominium Act, ensuring proper governance. Instructions for filling out include specifying unit descriptions and percentages of value, essential for understanding shared responsibilities and benefits. Legal professionals will find the structure advantageous for managing disputes regarding common element usage, maintenance obligations, and future amendments. The clarity in responsibilities aids paralegals and legal assistants to streamline processes in property management and conveyancing. The comprehensive nature of the document aids in preventing conflicts among owners and provides a framework for conducting communal affairs within the condominium. Overall, this Master Deed serves as a foundational legal document for prospective condo owners and real estate professionals in Florida.
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  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development
  • Preview Condominium Master Deed - Residential Condo Development

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FAQ

In Florida, balconies, parking spaces, storage units, and even areas of a shared clubhouse have been considered limited common elements; as mentioned above, the defining characteristic is that they are for the use of a single unit “to the exclusion of all other units.”

Start by looking up the specific property, or even any unit in the same building, at the county property appraiser's website. Scroll down and click on the Book/Page of the last Warranty Deed . This will link to the clerk of courts website and open up a deed.

In Florida, the statute of limitations for breach of contract (such as violating your HOA covenants) is five years. The time period within which the HOA could enforce the covenant has expired, at least as it pertains to those patios that were built more than five years ago.

In Florida, balconies, parking spaces, storage units, and even areas of a shared clubhouse have been considered limited common elements; as mentioned above, the defining characteristic is that they are for the use of a single unit “to the exclusion of all other units.”

The state law, passed in 2022, requires associations to have sufficient reserves to cover major repairs.

Kitchen appliances within the units are not considered part of the common elements of a inium project since they are typically owned and maintained by individual unit owners. Swimming pools and greenbelt areas are examples of common elements as they are shared facilities within the inium project.

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Condo Common Elements For Sale In Florida