Sterling Oaks a Condominium Community

Key facts from Sterling Oaks a Condominium Community's documents

Community type

Condominium

Legal name

Sterling Oaks, A CONDOMINIUM COMMUNITY

Developer / declarant

Sterling Oaks, LLC

Governing law

Alabama Uniform Condominium Act of 1991 (Title 35, Chapter 8A, Code of Alabama, 1975, as amended) (Section 1, Page 1)

Collections & liens

Association has lien for unpaid assessments, fees, charges, interest, late charges, and attorney's fees; may foreclose as under Alabama mortgages (including non-judicial power of sale) and may bring money judgment action without waiving lie (Section 14B, 14C, Pages 13-14)

Reserves & fees

Referred to as part of Common Expenses - reasonable and adequate reserves (Section 2 (Common Expenses definition), )

Leasing & rentals

Yes, but only with Association's written consent granting 'Open Leasing Status' (Section 18B(i), Page 20)

Parking & vehicles

Prohibited on Common Elements (Section 18D, Page 21)

Architectural approval

Yes – written consent of Board of Directors required for any modifications or alterations to Unit, Common Elements, or Limited Common Elements; prior approval also needed for certain maintenance actions (Section 13E and 13C, Pages 11-12)

Maintenance

Association – exterior painting, roofing, and maintaining portions exposed to the elements (Section 13A, Page 10)

Insurance

Established by Board of Directors as deemed desirable and financially expedient (Section 16C, Page 18)

Use restrictions

Yes – each Condominium Unit shall be used only as a single family residence (Section 18A, Page 20)

Voting & meetings

Each Unit has one vote (1/60th voting interest). Class A Members (all except Declarant) have one vote per Unit; Class B Member (Declarant) may have multiple votes during control period. (Section 2 (Class A Members, Class B Memb)

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