Palmer Village Condos

Key facts from Palmer Village Condos's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article I: 'condominium form of ownershi)

Legal name

PALMER VILLAGE CONDOMINIUM

Units / lots

21 (maximum if all phases developed) (Article III, Section 5.1: 'twenty-one (2)

Developer / declarant

CHAMPAGNE AND FEARN BUILDERS, INC., a Mississippi Corporation (Preamble)

Governing law

Condominium Ownership Act, Section 89-9-5 et seq., Mississippi Code of 1972, as amended (Article I)

Assessments & dues

Maximum $5,000.00 per unit until January 1 following first conveyance to non-Developer; thereafter max may increase by 5% of prior year's max (Article VIII, Section 3)

Special assessments

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

Collections & liens

Association has a lien on each unit for unpaid assessments; may foreclose; sale or transfer does not extinguish lien for sums due prior to transfer (Article VIII, Section 1 & 8 & 9)

Reserves & fees

Association may maintain a reserve maintenance fund using excess insurance proceeds and special assessments (Article XV, Section 6(b): 'reserve maint)

Pets

Yes (Article VII, Section 3(f): 'dogs, cats o)

Leasing & rentals

Yes (Article VII, Section 1: 'lease of any co)

Parking & vehicles

Placement of trailer, truck, camper, camper truck, house trailer, boat or the like within the complex prohibited (Article VII, Section 3(h): 'junk vehicle)

Architectural approval

Yes, Board of Directors approval required for any building, fence, wall, exterior addition or change (Article IX: 'No building, fence, wall or)

Home business

Home business that qualifies as commercial activity on common areas prohibited; business meetings such as board meetings allowed (Article VII, Section 3(i))

Signs & flags

Signs prohibited except with prior written consent of Board of Directors, except for signs by Declarant for marketing and first mortgage holder's signs (Article VII, Section 3(g))

Use restrictions

Noxious or offensive trade or activity that interferes with peaceful use is prohibited (Article VII, Section 3(a): 'Any noxious )

Voting & meetings

One vote per unit owned; member designated by unit owner(s); proxy allowed (Article V, Section 1 & 2; Bylaws Article)

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