Birmingham Skyline Lofts on 1st Ave No

Key facts from Birmingham Skyline Lofts on 1st Ave No's documents

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

Community type

Condominium (Article I, Section 1.01(z): "'Unit' or ')

Units / lots

4 initially; Developer plans to divide units on floors 2-4 to create total of 7 condominium units (Recital: "Initially, the Condominium Pro)

Developer / declarant

Birmingham Skyline Development Group, L.L.C., an Alabama limited liability company (Preamble, Page 4)

Governing law

Alabama Uniform Condominium Act of 1991, Ala. Code §§ 35-8A-101 et seq. (Recital: "pursuant to the provisions of )

Assessments & dues

Board adopts annual budget; budget is ratified unless rejected by majority of Unit Owners present at meeting. If rejected, previous budget continues. (Article IV, Section 4.03: "Unless at the)

Special assessments

Board may levy special assessments for unexpected repairs, nonrecurring contingencies, or meeting deficiencies. Special assessments for purposes other than unexpected repairs require approval of two-thirds (2/3) of Unit Owners. (Article IV, Section 4.05: "Board of Dire)

Collections & liens

Association has a lien on the unit for delinquent assessments, interest, late penalties, costs, and attorneys' fees. Lien is effective upon recording of Declaration; no further recordation of claim required. Foreclosure in same manner as re (Article IV, Section 4.10: "The Associati)

Reserves & fees

Board shall establish and maintain a reasonable reserve fund for capital improvements, replacements, and major repairs, funded through monthly payments from assessments. (Article IV, Section 4.04: "The Board of )

Leasing & rentals

Yes, but no Owner shall lease less than an entire Unit. Lease must be subject to Condominium Documents and Rules; failure of lessee to comply is default under lease. (Article VI, Section 6.02(j): "No Owner s)

Architectural approval

Yes, for any addition, alteration, or improvement to the Unit or Common Elements, or to outside/exterior portions of the Unit, prior written consent of Association required. Also for changes to exterior doors, painting, etc. (Article V, Section 5.02(a)(vi), (vii): ")

Home business

Not specifically addressed, but overall restrictions prohibit immoral, improper, offensive or unlawful use; business signage only for Commercial Unit. (Article VI, Section 6.02(c): "No immoral)

Signs & flags

No sign of any kind displayed to public view on or from any residential unit without prior written consent of Board. Exception for Developer's temporary signs. Commercial Unit may have signage as per Section 2.04(h). (Article VI, Section 6.02(e): "No sign of)

Maintenance

Association responsible for roof repair as Common Expense, even if repair is under or through a balcony, patio or terrace. (Article V, Section 5.01: "roof repair wi)

Insurance

Association required to maintain insurance as per Article VIII. Specific coverages: not detailed in this excerpt except mention of casualty loss and insurance provisions in Article VIII. (Article VIII (Casualty Loss and Insuranc)

Use restrictions

Units on floors two, three, and four are restricted to residential use. The Commercial Unit (first floor plus portion of basement) may be used for commercial, retail, or residential. (Article VI, Section 6.02(a): "Each of th)

Voting & meetings

Voting power is proportional to ownership interest in Common Elements; each unit's ownership interest is set forth in Exhibit E. (Article III, Section 3.02: "The voting p)

Amendments

Developer may amend declaration for changes in boundaries of units owned by Developer without approval of Owners and Mortgagees. Other amendments require approval of Owners and Mortgagees as set forth in Article XI (referenced but not fully (Article II, Section 2.01: "An amendment )

Amenities

Common recreational facilities, if any, green areas, walkways, landscaping, grilling areas, central mail boxes; no specific pool, clubhouse, gym, etc. mentioned. (Article I, Section 1.01(h)(vi), (vii): ")

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