Graves Building

Key facts from Graves Building's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Preamble: "forming a condominium")

Legal name

Theatre District Lofts Owners Association, Inc. (Article 1 Definitions: "Association. The)

Units / lots

13 (currently: 1 Graves Commercial, 5 Graves Mixed-Use, 1 Basement Unit, 2 Whitmire Commercial, 4 Whitmire Residential) (Section 2.2(b): "The Condominium shall c)

Developer / declarant

Whitmire Building, LLC and Graves Building, LLC (collectively “Declarants”); Graves Building, LLC is also referred to as the “Graves Declarant” and Whitmire Building, LLC as the “Whitmire Declarant.” (Preamble: "by Whitmire Building, LLC ...)

Governing law

Alabama Uniform Condominium Act of 1991 (ALA. CODE 1975, §§ 35-8A-101 et seq.) (Preamble: "pursuant to the provisions of)

Assessments & dues

Determined annually by Board via budget; not fixed in declaration (Article 8.3, 8.4)

Special assessments

Defined as Graves Special Assessments or Whitmire Special Assessments in Section 8.8. (Article 1 Definitions: "Special Assessme)

Collections & liens

All Assessments are a continuing lien on each Unit; personal obligation of owner; Association may enforce by lien (Section 8.1)

Reserves & fees

Two separate capital reserves funds: Graves Capital Reserves Fund and Whitmire Capital Reserves Fund. (Article 1 Definitions: "Graves Capital R)

Pets

Pets allowed subject to restrictions: no commercial purposes, no nuisance or disturbance; if animal creates disturbance, must be permanently removed within seven days of written notice from Board. (Section 5.1(j): "No animal or pet shall )

Leasing & rentals

Any Unit may be leased if lease is for not less than the entire Unit, term not less than six months to same Occupant, Owner provides written notice of Occupant’s name to Association, and use complies with Declaration and Rules and Regulatio (Section 5.1(a): "Any Unit may be leased )

Parking & vehicles

Basement parking for nine vehicles; parking allowed only in designated areas; Association may allocate spaces (Section 2.4, Rules and Regulations (Exhi)

Architectural approval

Board prior written consent required for structural alterations, changes visible from outside, improvements that impair structural integrity, and any changes to Common Elements (Section 2.6(a), Section 5.2)

Home business

Allowed in Residential Units if not detectable from outside, conforms to zoning, no extra traffic, consistent with residential character; Mixed-Use and Commercial units allow business activities (Section 5.1(i))

Use restrictions

Residential Units must be used as primary residence; Mixed-Use Units may be place of business or primary residence; Commercial Units may be place of business or any lawful purpose (Section 5.1(b)-(d))

Voting & meetings

Each Owner is entitled to one vote for each Unit owned. (Section 7.2(b): "Each Owner is entitled )

Amendments

Declarants have the right to amend Exhibit C (reallocate interests) without consent of any Unit Owner or Mortgagee when exercising Special Declarants’ Rights. Otherwise, amendment procedure not explicitly in excerpt but reference to Bylaws (Section 2.3(c): "Declarants have the rig)

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