Southwood Park Estates

Key facts from Southwood Park Estates's documents

Reflects the 1984 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Section 1: Condominium Form of Ownership)

Legal name

The Gables, A Condominium

Governing law

Condominium Ownership Act of Alabama, Code of Alabama 1975, §§ 35-8-1, et seq. (Preamble and Section 4.1)

Assessments & dues

Board determines sums necessary for Common Expenses from time to time; each Unit Owner pays proportionate share equal to percentage interest in Common Elements (Exhibit C). (Section 18, Section 18.1)

Collections & liens

Association has lien for unpaid assessments, interest, late charges, and attorney's fees; subordinate to prior bona fide liens. May foreclose. (Section 18.4)

Reserves & fees

Common Expenses include creation of reasonable contingency or reserve requirements for replacements, maintenance, repairs, and operating reserve. (Section 18.1)

Pets

Section 36 addresses pets, but text not provided in excerpt. (Section 36 (heading only))

Architectural approval

Written consent of Association required for structural alterations, exterior alterations, screening/enclosing decks, installing exterior doors, affixing outshutters, painting exterior surfaces. (Section 16.3(d), (e); Section 16.4)

Maintenance

Association (part of Common Elements: roofs and exterior walls) (Section 10(b))

Insurance

Allowed if coverage cannot reasonably be obtained without deductible; Directors not liable for failure to obtain without deductible. (Section 21.1)

Use restrictions

Units shall be used as private single family residences (Section 24.1)

Voting & meetings

Each Unit has voting rights appurtenant in proportion to its percentage interest in Common Elements (Exhibit C) (Section 26.2, Section 14)

Amendments

Developer may amend during Development Period unilaterally for corrections, conformity, etc., with some restrictions. After Development Period, amendment requires resolution by Board and approval by two-thirds vote of Members, recorded in P (Sections 6.3, 6.4, 6.5, 7, 7.5)

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