Beau Clair Condo - Use 2106 After 6/12/14

Key facts from Beau Clair Condo - Use 2106 After 6/12/14's documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Article I, Section 1(v): 'The Condominiu)

Legal name

Beau Clair Condominium Association, Inc.

Developer / declarant

Beau Clair Condominium Association, Inc.

Governing law

Mississippi Condominium Law (Section 89-9-1, et seq., Miss. Code 1972 Ann., as amended) (Article I, Section 1(a): 'Act shall mean)

Assessments & dues

Not a fixed amount; Board adopts budget prior to Jan 1 each year and fixes assessment to meet budget. (Article VI, Section 3)

Special assessments

Yes, allowed for capital improvements and for specific circumstances (e.g., insurance insufficiency, owner failure to maintain, damage to common areas, excessive use). (Article VI, Sections 4 and 5)

Collections & liens

Assessment liens are subordinate to first mortgages. Association may bring action at law or foreclose lien after 60 days delinquency. (Article VI, Sections 9 and 10)

Reserves & fees

Establishment and maintenance of an adequate reserve fund for periodic maintenance, repair and replacement of common area improvements. (Article VI, Section 2: 'shall include th)

Pets

Yes, dogs or other pets are allowed. (Article V, Section 2(e))

Leasing & rentals

Yes, with exceptions for lender in possession; no transient or hotel purposes. (Article V, Section 2)

Parking & vehicles

Prohibited on common areas. (Article V, Section 2(g))

Architectural approval

Yes, for any change or alteration to exterior of any unit, including terrace, patio, window, exterior door, color, etc. (Article XIV, Section 1(a))

Maintenance

Unit owner maintains interior, equipment, appliances, fixtures, balcony, deck, crawl space, patio in good order. Association maintains exterior surfaces (walls, roof, flooring, etc.), painting, common area elements. (Article IV, Sections 1(d) and 4)

Insurance

Association shall obtain insurance for all improvements including wind and flood, public liability. (Article XI, Section 1)

Use restrictions

All condominium units shall be used for private residential purposes exclusively. (Article V, Section 1)

Voting & meetings

Each Member shall have one vote in the election of each officer; if multiple owners of a unit, vote may be exercised by any one unless another objects (then vote not counted). (Article III, Section 2 and Section 4)

Amendments

By resolution of Board or members; approval of 67% of votes present or proxy; cannot discriminate, change unit's common element share or insurance provisions without consent of affected owners and lienholders. (Article XVI, 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.