Greystone Legacy

Key facts from Greystone Legacy's documents

Reflects the 1999 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

residential planned community (single-family attached/detached, townhouses, condominiums, duplexes, zero-lot-line homes, cluster, patio, garden homes) (Recitals; Section 1.16)

Legal name

Greystone Legacy Homeowners’ Association, Inc. (Section 1.07)

Developer / declarant

Greystone Development Company, LLC, an Alabama limited liability company (First paragraph; Section 1.15)

Governing law

Not explicitly cited; Alabama law implied (None)

Assessments & dues

Uniform rate per Lot (or Dwelling) as determined by Board; based on budgeted Common Expenses (Section 8.02, Section 8.03, Page 41)

Special assessments

Permitted; subject to Owner vote if required by Bylaws (Developer may submit when needed) (Section 8.04, Page 43)

Collections & liens

Association has lien for unpaid assessments; remedies including foreclosure (Section 8.07) (Section 8.07, Page 44)

Reserves & fees

Board may establish a transfer fee charged to each transferee/grantee; not payable on initial Developer sale (Section 4.09, Page 24)

Pets

Yes, with regulations (Section 6.22 – Pets and Animals) (Table of Contents, Page 5)

Leasing & rentals

Not explicitly prohibited; Occupants include tenants, so leasing appears permitted (Section 1.27 (Owner definition includes )

Parking & vehicles

Off-street parking and garages required; regulations for recreational vehicles etc. (Section 6.15 (Off-Street Parking and Gar)

Fences

Regulated (Section 6.16 – Fences) (Table of Contents, Page 4)

Architectural approval

Yes, for all exterior improvements, landscaping, etc. (Article V, Page 18-19)

Signs & flags

Regulated (Section 6.13 – Signage) (Table of Contents, Page 5)

Setbacks / home size

Yes, building setbacks required (Section 6.04) (Table of Contents, Page 4)

Use restrictions

Single-family attached or detached residential housing (Recitals, Page 6)

Voting & meetings

One vote per Lot or Dwelling after Turnover; fractional voting not allowed (Section 4.03(a))

Amendments

Prior to Turnover: Developer can amend unilaterally. After Turnover: requires Owner vote as per Article X (likely majority or supermajority) (Article X, Pages 49-50)

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