Highland Way Condo

Key facts from Highland Way Condo's documents

Community type

Condominium

Legal name

THE HIGHLAND WAY CONDOMINIUM ASSOCIATION, INC. (Article I, Section 1.01(b), Page 4)

Developer / declarant

Highland Way, LLC, an Alabama limited liability company (Opening paragraph, Page 3)

Governing law

Alabama Uniform Condominium Act of 1991, Code of Alabama (1975) Sections 35-8A-101 et seq. (Recitals, Page 3)

Assessments & dues

Initial projected annual assessments $13,500 (for 9 units, $1,125 per month total) (Exhibit G, Page 68)

Special assessments

Allowed; Board may levy additional assessments if funds insufficient, including emergencies; for capital improvements >$10,000, requires 75% vote and mortgagee approval (Section 4.03 (Page 15) and Section 5.03 )

Collections & liens

Association has a lien for delinquent assessments, interest, late penalties, legal fees; forecloseable as real estate mortgages in Alabama; lien effective upon recording of Declaration; no further recordation required (Section 4.07, Pages 15-16)

Reserves & fees

Budget includes reasonable allowances for contingencies and reserves (Section 4.03); no specific funding requirement detailed (Section 4.03, Page 14)

Leasing & rentals

Allowed only under conditions: written lease with Board-approved form, initial term not less than one year, no subleasing without Board approval, lease must include compliance with Condominium Documents (Section 6.04, Pages 23-24)

Parking & vehicles

Unassigned parking spaces on property and on-street, first-come, first-served; restricted to passenger vehicles (including pick-ups, SUVs, motorcycles) that fit within striping (Section 2.03 (Page 9) and Section 6.02(a)

Architectural approval

Prior written consent required for alterations, additions, improvements, decorations to Common Elements, Limited Common Elements, exterior of Unit; also for additions/alterations to Unit that affect structural soundness or design scheme (Section 5.02(b)(iv)-(v), Pages 18-19)

Maintenance

Roof is part of Common Elements, maintained by Association as Common Expense (Section 1.01(e)(iii) and Section 5.01(i))

Use restrictions

Each Unit restricted to residential use (Section 6.02(a), Page 21)

Voting & meetings

Each record Owner of a Unit is a member; votes cast by record Owner or proxy as per Bylaws (Section 3.02, Page 12)

Amendments

Declaration may be amended; for boundary changes affecting non-Declarant owners, approval of Owners and Mortgagees required; Declarant can amend without approval for Units it owns (Section 2.02); general amendment procedure not fully detail (Section 2.02, pages 8-9)

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