Beech Street Condominium

Key facts from Beech Street Condominium's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Beech Street Condominium

Developer / declarant

Beech Street Condominium, LLC (Preamble)

Governing law

Alabama Uniform Condominium Act of 1991 (Article 1, Section 1.01(a))

Assessments & dues

$780 per month initially ($9,360 annual) (Exhibit E: Initial Estimated Operating B)

Special assessments

Allowed when reserve funds insufficient (Section 4.08)

Collections & liens

Association has automatic lien for unpaid assessments; may foreclose like real estate mortgage (Section 4.07)

Reserves & fees

Required; annual reserve payment of $1,200 in initial budget (Section 4.08; Exhibit E)

Architectural approval

Prior written consent required for alterations, additions, improvements to unit exterior, common elements, or limited common elements (Section 5.02(b)(iv) and (v))

Maintenance

Association responsible for roof (common element) (Section 1.01(e)(iii) (roofs are common e)

Insurance

Association shall maintain insurance on the condominium property (Section 8.02, text truncated) (Section 8.02 (heading))

Voting & meetings

40% of votes entitled to be cast (Bylaws (scanned text, page approx. 49))

Amendments

Developer may amend without owner approval for changes to units owned by Developer (Section 2.02, Section 11.01); Unit owners may amend with approval of owners of 67% of votes (assumed from typical language, but text truncated) (Section 11.02 (heading))

Amenities

Common elements include greens, sidewalks, yards, landscaping, communal patio, grilling area, central mail boxes (Section 1.01(e)(vi))

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