Glenwood Condo

Key facts from Glenwood Condo's documents

Community type

Condominium

Legal name

Glenwood Condominium

Developer / declarant

John Lauriello (Preamble)

Governing law

Alabama Uniform Condominium Act of 1991, Code of Alabama, 1975, Section 35-8A-101 et seq. (Section V (Definitions, 'Act'))

Assessments & dues

set by annual budget (Section XII.2 and XII.3)

Collections & liens

Association has lien for unpaid assessments, interest, costs, attorneys' fees; enforceable like real estate mortgages (Section XII.8)

Reserves & fees

required (budget includes 'reasonable allowances for contingencies and reserves') (Section XII.3)

Pets

yes, limited to one pet dog or cat per unit (Rules and Regulations Rule 8)

Leasing & rentals

yes, but Unit Owner must ensure tenant receives restrictions and lease includes provision subjecting tenancy to declaration (Section XI.5)

Parking & vehicles

assigned by Board for use by Owners of particular Units (Rules Rule 10(a))

Architectural approval

prior written consent of Board for alterations to exterior or outside of Unit (Section X.3(d))

Maintenance

Roofs are Common Elements; Association maintains (Section VI(b) and X.1)

Insurance

Multi-peril hazard insurance on Common Elements on replacement cost basis; flood if required; public liability/property damage insurance not less than $1,000,000; fidelity bonds optional (Section XV.2)

Use restrictions

Units and Improvements will be used for residential purposes only (Section XI.2)

Voting & meetings

one vote per Unit (Section V (definition of 'Member') and S)

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