Prince of Peace a Condominium

Key facts from Prince of Peace a Condominium's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Prince of Peace Condominium Association, Inc. (Section 1.1(c))

Units / lots

2 (Unit 1 and Unit 2) (Section 2.1 (originally consists of a ch)

Developer / declarant

Most Reverend David E. Foley, The Bishop of Birmingham in Alabama, a corporation sole (Preamble)

Governing law

Condominium Ownership Act of Alabama, Code of Alabama 1975 §§ 35-8-1 et seq. (Preamble)

Assessments & dues

Not fixed; determined annually by Board of Directors based on budget (Sections 4.2(a), 4.3)

Special assessments

Board may levy additional assessments if deemed necessary due to insufficiency of budget, emergencies, non-payment (Section 4.3)

Collections & liens

Association has a lien against any Unit for delinquent assessments; lien can be foreclosed in same manner as real estate mortgages in Alabama (Section 4.7(a), (b))

Reserves & fees

Referred to in table of contents (Article 7.3 Required Reserve Funds and Working Capital Fund) but text not provided; no details in excerpt (Table of contents (page 2))

Architectural approval

Prior written consent of Association required for any addition, alteration, improvement, painting, changes to exterior, etc. (Section 5.2(b)(iv), (v))

Maintenance

Association responsible for roofs (listed as Common Element under 1.1(f)(ii)) (Section 1.1(f)(ii))

Insurance

Association shall maintain insurance (casualty and property) as per Article 8; specific coverages not detailed in excerpt (Section 8.2 (heading))

Use restrictions

Not strictly residential; Unit restricted to educational and unrestricted use in accordance with applicable zoning (Section 6.2(a))

Amendments

Amendments by Developer before end of declarant control period; thereafter by Unit Owners with vote as per Act and Condominium Documents (specific threshold not in excerpt) (Article 11 (headings and Section 11.1, 1)

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