Hanover Circle Townhomes

Key facts from Hanover Circle Townhomes's documents

Community type

Condominium

Legal name

Hanover Circle Townhomes/Condominium

Developer / declarant

Samuel D. Herring and T. Steve DeMedicis

Governing law

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

Assessments & dues

A proportionate share of the Common Expenses, if any, such share being the same as such Unit Owner's fractional share of ownership in the Common Elements. (Section 12.1(a))

Special assessments

Special assessments for capital improvements may be fixed, established and collected from time to time. (Section 12.1(c))

Collections & liens

The Association shall have a continuing lien upon each Unit against which such assessment is made. The lien may be foreclosed in the same manner as a foreclosure of a mortgage on real property. (Sections 12.1, 13.4)

Reserves & fees

There may be required, as an item included in the Common Expenses, a contribution to a capital account to cover unforeseen contingencies or deficiencies... The portion of the annual assessment which is allocated for such contribution shall (Section 13.4)

Leasing & rentals

Units may be leased by the Unit Owners. (Section 17.4)

Maintenance

Each Unit Owner shall maintain... the roof, the foundation, footings, beams, girders and supports of the Unit. (Section 11.1(c))

Insurance

All insurance policies purchased by the Association shall be for the benefit of the Association and the Unit Owners and their mortgagees as their interests may appear. (Section 15.1)

Use restrictions

The Condominium Property shall be used solely for residential purposes. (Section 17.1)

Voting & meetings

Each Unit Owner is entitled to one vote for each Unit owned by him. (Section 14.3)

Amendments

Amendment requires unanimous approval of members and recording in Jefferson County, Alabama. (Section 10.2-10.4)

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