Quarter Condominiums

Key facts from Quarter Condominiums's documents

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

Community type

Condominium

Legal name

QUARTER Condominium Homeowners' Association, Inc. (Article II, Section 1)

Units / lots

36 (Phase 1); potential expansion to 90 (Preamble: consisting of Six (6) building)

Developer / declarant

Redtel Development, LLC (Preamble; Article II, Section 10)

Governing law

Mississippi Condominium Ownership Act, Sections 89-9-5 et seq., Mississippi Code of 1972 (Article I, Preamble; Article II, Section)

Reserves & fees

A reserve maintenance fund may be established from minor repair insurance proceeds or other funds for maintenance, repair and replacement of Common Areas. (Article XVI, Section 6(b) and (c))

Pets

Only birds or reptiles not exceeding five (5) pounds in weight are allowed, and only with prior written authority of Board, which may be revoked. No pet shall be allowed outside Owner's unit unless leashed and under control. (Article VII, Section 3(f))

Leasing & rentals

Yes, but only entire Condominium Unit (not portion), for residential purposes only, not for business. Lease must be in writing and contain provision that tenant's rights are subordinate to Declaration, Bylaws, and Association rules. No mini (Article VII, Section 2)

Insurance

Association shall obtain insurance for all improvements except owner's betterments, against fire, extended coverage, vandalism and malicious mischief, in amount of full replacement cost. Also public liability policy covering Common Areas, w (Article XVI, Section 1)

Use restrictions

All Condominium Units shall be used exclusively for private residential purposes. Exceptions for Declarant's promotional, model units, and leasing. (Article VII, Section 1)

Voting & meetings

One vote per Unit owned. Entity owners designate individual to vote. (Article V, Sections 1,2,3)

Amendments

First 45 years, amendment requires instrument signed by not less than three-fourths (3/4) of the Condominium Units represented by Owners thereof, and also signed by not less than three-fourths (3/4) of the Condominium Units. Declarant may a (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.