Prince of Peace Condominium

Key facts from Prince of Peace Condominium's documents

Community type

condominium (Name and throughout)

Legal name

Prince Of Peace Condominium

Developer / declarant

Most Reverend David E. Foley, The Bishop of Birmingham in Alabama, a corporation sole (Preamble)

Governing law

Condominium Ownership Act of Alabama, Code of Alabama 1975 §§ 35-8-1 et seq. (Art. 1.1(a))

Special assessments

Board may levy additional assessments if deemed necessary (Art. 4.3)

Collections & liens

Association has lien for delinquent assessments; may foreclose as real estate mortgage (Art. 4.7(a))

Reserves & fees

Late penalties may be imposed (Art. 4.7(a))

Architectural approval

Association must respond within 45 days after request; failure to respond does not constitute consent (Art. 5.2(c))

Use restrictions

Each Unit restricted to educational and unrestricted use in accordance with applicable zoning regulations (Art. 6.2(a))

Voting & meetings

Each Unit Owner is entitled to the number of votes for each Unit owned by him as set forth in Exhibit E (Art. 3.2)

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