The house would not promote. Subject to the declaration, on written application of a unit owner to subdivide a unit and after payment by the unit proprietor of the price of getting ready and recording amendments and plats, the association shall put together, execute, and report an modification to the declaration, including the plats and plans, subdividing the unit. About: is a free Multiple Itemizing Service search for actual estate MLS listings from licensed Realtors® and different actual property professionals which might be members of their native MLS.
2. All alterations or additions made to the condominium property or association property pursuant to s. 718.113(2). Areas designated as widespread elements in 1 condominium corporation may belong to a person unit in another. 18.3. Unit Owners’ Affiliation. 12. If the condominium is a conversion of current enhancements, the statements and disclosure required by s. 718.616.
After the association has approved any finish-of-year fiscal audit, if applicable, if the fiscal 12 months ended with a surplus of funds over precise expenses, together with budgeted reserve fund contributions, then, to the extent that there are usually not any opposite provisions in the association’s declaration and bylaws, the board of managers has the authority, in its discretion, to dispose of the excess in a number of of the next methods: (i) contribute the surplus to the association’s reserve fund; (ii) return the surplus to the unit homeowners as a credit score in opposition to the remaining monthly assessments for the present fiscal yr; (iii) return the excess to the unit homeowners in the type of a direct fee to the unit homeowners; or (iv) keep the funds within the working account, wherein case the funds shall be applied as a credit score when calculating the next yr’s annual budget.
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