Alyeska Condo

Key facts from Alyeska Condo's documents

Reflects the 1998 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Alyeska Homeowners Association, Inc.

Units / lots

10 (Units A through J) (Article II, Section 9: undivided 1/10th )

Developer / declarant

Soluna Limited, Inc.

Governing law

Condominium Ownership Act, Section 89-9-5 et seq., Mississippi Code of 1972 (Article I (page 4 of original) and Artic)

Assessments & dues

Maximum $2,700 per Condominium Unit initially, increasing by 5% of the preceding year's maximum annually. (Declaration Article VIII, Section 3)

Special assessments

May be levied for capital improvements upon affirmative vote of at least 2/3 of membership voting in person or by proxy at a meeting called for that purpose. (Declaration Article VIII, Section 4)

Collections & liens

Assessments constitute a lien on the Unit; Association may bring action at law or foreclose lien; personal obligation of owner. Subordinate to first mortgages. Sale under foreclosure of first mortgage extinguishes prior assessment liens. (Declaration Article VIII, Sections 1, 8,)

Reserves & fees

Insurance proceeds excess from minor repairs to Common Areas shall be placed in reserve maintenance fund (Article XVI, Section 6(b)). Also, Board may appropriate from reserve maintenance fund for excess repair costs. (Declaration Article XVI, Section 6(b))

Pets

Allowed only with prior written authority and consent of Board; may be revoked at any time. Weight limit: not to exceed 25 pounds. No other animals, birds, reptiles allowed without consent. Pets must be leashed and under control when outsid (Declaration Article VII, Section 1(f))

Parking & vehicles

Prohibited: keeping or maintenance of a junk, abandoned or other vehicle, trailer, truck, commercial truck, house trailer, boat or the like. (Declaration Article VII, Section 1(h))

Architectural approval

Board must approve or disapprove within 60 days after submission; if not acted upon within 60 days, deemed approved. (Declaration Article IX)

Signs & flags

Prohibited except with prior written permission of Board, subject to terms and conditions, and except signs posted by Declarant for promotional, sales, etc. Does not apply to institutional mortgagees taking possession. (Declaration Article VII, Section 1(g))

Maintenance

Not explicitly assigned; likely Association responsibility as part of exterior maintenance. Declaration mentions Association paints, repairs, replaces exterior of any Unit (Section 1(d)). Roof is part of exterior. (Declaration Article VI, Section 1(d) (im)

Insurance

Association Board shall obtain insurance for all improvements on Property (excluding owner betterments) against fire, extended coverage, vandalism, malicious mischief, full replacement cost. Also public liability policy covering Common Area (Declaration Article XVI, Section 1)

Use restrictions

All Condominium Units shall be used exclusively for private residential purposes. Exception for Declarant's promotional/display/model units and for business meetings/catering. (Declaration Article VII, Section 1 and S)

Voting & meetings

One vote per Condominium Unit; each Unit entitled to one member; member may vote in person or by proxy; proxy revocable. (Bylaws Article V, Section 1 and Section )

Amendments

During first 45 years, amendment requires instrument signed by not less than 2/3 of Condominium Units represented by Owners entitled to vote; thereafter, by not less than 3/4. Declarant may amend at any time prior to sale of first Unit to n (Declaration Article XI, Section 3)

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