Magnolia View Condominions

Key facts from Magnolia View Condominions's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Magnolia View, A Condominium

Developer / declarant

Magnolia View Condominions, LLC, an Alabama limited liability company (Preamble)

Governing law

Alabama Uniform Condominium Act of 1991, CODE OF ALABAMA 1975 §§ 35-8A-101 et seq. (Preamble)

Assessments & dues

Fixed annually by Board of Directors (Section 4.02(a), page 8: assessments lev)

Special assessments

Allowed for maintenance of Common Elements based on usage, or for damages or penalties (Section 4.02(b), page 8; Section 4.01, p)

Collections & liens

Automatic lien under Ala. Code § 35-8A-316; foreclosable like mortgage (Section 4.06(a) and (b), pages 9-10)

Reserves & fees

Amount set forth in Rules and Regulations (Section 4.06(a), page 9)

Pets

Yes, with restrictions: no commercial purposes, no vicious animals, no potbellied pigs or snakes at Board discretion (Section 6.02(l), page 15)

Architectural approval

Yes, prior written consent of Association required for alterations, additions, improvements, changes to exterior (Section 5.02(b)(iv) and (v), pages 11-12)

Signs & flags

No sign, awning, canopy, etc. on exterior without Board consent (Section 6.02(g), page 14)

Maintenance

Association (roofs are Common Elements per definition) (Section 1.01(f)(ii), page 2 and Section )

Insurance

Association required to maintain insurance (Section 8.02, page 20 (Table of Contents)

Use restrictions

Units restricted to residential only (Section 6.02(a), page 14)

Voting & meetings

Each Unit Owner is entitled to the number of votes for each Unit owned by him as set forth in Exhibit D (Section 3.02, page 7)

Amendments

Amendments by Developer (Section 11.01) and by Unit Owners (Section 11.02) – thresholds not specified in extract (Article XI, pages 26-27)

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