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Sale Section Modification History
Townhomes and Condominiums
By Peter Schulz

11/08/2007 - The changes in red to the official documents have been made thus removing the possible financial penalty for selling a townhome or condominium within the first three years.

Sales. There are no restrictions on the right of any Unit Owner to sell, convey or transfer his Unit. Buyer, at the time the deed is issued by Developer, shall be required to execute and record a covenant restricting resale of the property (the “Covenant”). The Covenant shall bind the Buyer and any subsequent owner of the Unit for a period of three years, unless waived by the Developer, in Developer’s sole discretion. The Covenant shall obligate the Buyer (or subsequent owner) to pay to Developer a percentage of the gross profits realized on any resale (100% of profits in first year, 50% of profits in second year and 25% of profits in third year). Further restrictions are detailed in the Purchase Agreement.  However, every new Unit Owner must notify the Association of its purchase or acquisition and must furnish a copy of his deed to the Association and payment to the Association of a fee in the amount of Fifty and No/100 Dollars ($50.00) for the administrative expenses of the Association in connection with the transfer.

 

Documents

 

Townhomes
Key Documents

FL Statutes
720
617
Admin Code
Legislative Updates
Sunshine Law 101
Official Documents
Master Declaration
FL Registration
Original
Searchable
Amendment-A
Amendment-B
Townhome Declaration
FL Registration
Original
Searchable
Amendment-1
Declaration Updates
Sales Section
Lease Section
Rules & Regulations
Welcome Package
Original
Amendment-1
Amendment-2
Update Procedure
Fine Process
Developer Lessees
Community Policies
Building Code
Mitigation Affidavits
All Buildings
Frequent Questions
Town Homes
Other
Transfer Application

Proof of Insurance

Condos
Key Documents

FL Statutes
718
617
Admin Code
Legislative Updates
Governance Form
Sunshine Law 101
Official Documents
Condo Prospectus
Master Declaration
FL Registration
Original
Searchable
Amendment-A
Amendment-B
Condo Declaration
Fl Registration
Original
Searchable
Amendment-1
Amendment-2
Amendment-3
Other 1
Other 2
Emergency Powers
Declaration Updates
Sales Section
Lease Section
Rules & Regulations
Welcome Package
Current Complete
Original
Amendment-1
Amendment-2
Amendment-3
Amendment-4
Amendment-5
Amendment-6
Update Procedure
Fine Process
Developer Lessees
Community Policies
Building Code
Mitigation Affidavits
Building
1  2  3  4  5  6  7
Frequent Questions
Condominiums

Financials
2015 YE
2016 Budget

Other
Transfer Application

Proof of Insurance

Apartments
Key Documents

FL Statutes
420

Rules & Regulations

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