Breckenridge Association, Inc.

Key facts from Breckenridge Association, Inc.'s documents

Reflects the 1986 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (non-profit corporation) (Declaration Art I Sec 1; Bylaws; Article)

Units / lots

107 (initial; additional sectors may be added later under Article XIII) (Declaration Art VI Sec 5: "Each Lot shal)

Developer / declarant

Madison Residential Developers, Inc., an Alabama corporation (Preamble)

Governing law

Alabama Non-profit Corporation Act, Section 10-3-1, et seq. (Bylaws introductory paragraph)

Assessments & dues

Determined annually by the Association at the annual meeting; fixed at a uniform rate for all Lots (Declaration Art VI Sec 3, 5)

Collections & liens

Unpaid assessments become a continuing lien on the Lot; Association may foreclose by public outcry sale after 30 days' advertising and written notice; sale is subordinate to prior recorded mortgages (Declaration Art VI Sec 8)

Reserves & fees

Adequate reserve fund for replacement, renovation or repair of Common Areas shall be established and funded by monthly payments rather than by special assessments (Declaration Art VII Sec 5)

Pets

Dogs, cats or other household pets may be kept provided they are not kept, bred, or maintained for any commercial purpose (Declaration Art IX Sec 11)

Leasing & rentals

Yes; members may delegate right of enjoyment to tenants (who must reside on the Property). No explicit restrictions on leasing itself. (Declaration Art V Sec 2; Bylaws Art I Se)

Architectural approval

For any building, fence, wall, alteration, or change in exterior appearance (including color, roof, trim, siding, storm windows, decorative doors) – approval of Architectural Control Committee required (Declaration Art IX Sec 15, 17; Art VIII )

Home business

Not explicitly mentioned; implicit restriction by 'single family residential purposes' and nuisance prohibition would likely preclude commercial activities (Declaration Art IX Sec 1, 7)

Signs & flags

Only one professional sign of not more than five square feet advertising the property for sale (or lease) is allowed; no other signs (Declaration Art IX Sec 9)

Use restrictions

Yes; each Lot shall be used only for single family residential purposes; no building other than one single-family dwelling not exceeding three stories (Declaration Art IX Sec 1)

Voting & meetings

One vote per Lot; if a Lot is owned by more than one person, the vote is exercised as they determine among themselves, but no more than one vote per Lot (Declaration Art IV; Bylaws Art I Sec 3)

Amendments

During first 20 years: amendment requires instrument signed by not less than 90% of Lot Owners. After 20 years: amendment requires instrument signed by not less than 75% of Lot Owners. Any amendment must be properly recorded. (Declaration Art XI Sec 3)

Amenities

Swimming pool and clubhouse facilities (mentioned in insurance coverage context) (Declaration Art X (last sentence))

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