Plantation Park

Key facts from Plantation Park's documents

Community type

Condominium

Legal name

The Plantation Condominium

Developer / declarant

The Plantation Condominium Corporation

Governing law

Condominium Act of Alabama, Code of Alabama 1975, Section 35-8-1 et seq. (Paragraph 1)

Assessments & dues

Not fixed; set by Board via annual budget; each unit pays 1/13 of its share monthly (Bylaws Article V, Section 3; Declaration)

Special assessments

Supplemental budget and assessment may be made if funds are insufficient during year (Bylaws Article V, Section 7)

Collections & liens

Association has lien on each unit for unpaid assessments; may foreclose; can collect rent pending foreclosure (Declaration Paragraphs 14.5, 14.6)

Reserves & fees

Annual budget shall provide for adequate reserve fund for maintenance, repairs, replacement of common elements (Bylaws Article V, Section 2)

Leasing & rentals

Units may be leased or rented as Unit Owner deems appropriate; Association may prescribe reasonable rules (Declaration Paragraph 19.4)

Parking & vehicles

Parking areas are part of Common Elements; each unit has an assigned garage with exclusive use (see list for unit-to-garage mapping) (Declaration Paragraph 8.1(c) and 7.3 (ga)

Architectural approval

Alterations to portions of Unit or Building maintained by Association require Board approval; alterations to Common Elements require 75% Unit Owner approval (Declaration Paragraphs 12.1(c), 12.2(b))

Signs & flags

Owner reserves right to post signs on Property as long as they own at least one Unit (Declaration Paragraph 23.6(d))

Maintenance

Roof is part of Common Elements (building exterior), maintained by Association (Declaration Paragraph 8.1(b) (roofs incl)

Insurance

Board shall obtain fire insurance with extended coverage on buildings, public liability, and other insurance (Bylaws Article II, Section 11; Declarati)

Use restrictions

The Property shall be used solely for residential purposes (Declaration Paragraph 19.1)

Voting & meetings

One vote per unit owned; cumulative voting in director elections (Declaration Paragraph 15.3(c); Bylaws Ar)

Amendments

Amendments require resolution by Board and approval by not less than majority of directors and 75% of membership votes; recorded; alternative unanimous written consent (Declaration Paragraph 23.2, 23.3, 23.4)

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