Cornserstones at Oxmoor Valley Condo

Key facts from Cornserstones at Oxmoor Valley Condo's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and Article I definitions)

Legal name

Cornerstones at Oxmoor Valley Association, Inc. (Section 1.01(d) and Section 4.01)

Units / lots

Maximum 68 Units (8 initial + up to 60 additional) (Section 3.04)

Developer / declarant

Cornerstones at Oxmoor Valley, LLC (Developer) and RK Development, LLC (Land Owner) (Preamble)

Governing law

Alabama Uniform Condominium Act of 1991 (Code of Alabama 1975 §§ 35-8A-101 et seq.) (Preamble and Section 1.01(a))

Assessments & dues

Board of Directors adopts proposed annual budget; budget ratified unless majority of Unit Owners reject; assessments then based on budget (Section 5.04)

Special assessments

Allowed if reserve fund insufficient for maintenance, repair, or replacement (Section 5.03)

Collections & liens

Association has a lien for delinquent assessments, interest, costs, attorneys' fees; lien effective upon recording of Declaration; may foreclose like real estate mortgages (Section 5.08)

Reserves & fees

Required reserve fund for periodic maintenance, repair, replacement; funded by regular monthly installments (Section 5.03)

Pets

Yes, with restrictions (Section 7.02(l))

Leasing & rentals

Yes, subject to Section 7.03 (not fully provided in text) (Table of Contents (Article VII, Section )

Parking & vehicles

Only passenger automobiles in driveways; no commercial vehicles, RVs, or trailers (Section 2.05)

Architectural approval

Yes – prior written consent of Board for additions, alterations, or changes to exterior; also for alterations that impair structural soundness or design scheme (Section 6.02(b)(iv), (v))

Home business

Permitted within Unit if not detectable from outside, conforms to zoning, does not generate traffic, and is not a nuisance as determined by Board (Section 7.02(k))

Maintenance

Owner liable for damage to Common Elements, Limited Common Elements, other Units, or adjacent property caused by negligence, recklessness, or willful misconduct of Owner, family, guests, invitees, lessees, or licensees; cost of repair is sp (Section 6.01 (last paragraph))

Insurance

Association shall maintain insurance (Article IX); specifics not fully provided in excerpt (Section 9.02)

Use restrictions

Each Unit restricted to single-family residential use (Section 7.02(a))

Voting & meetings

Each Unit has one vote; each Unit Owner entitled to vote for each Unit owned (Section 3.05, Section 4.02)

Amendments

Developer may amend unilaterally for additions of Units or Additional Property (Section 3.05, 2.02); Unit owners may amend with approval as provided in Section 12.02 (not fully detailed); amendments effective upon recording (Sections 2.02, 3.05, 12.01-12.03)

Amenities

Clubhouse, pool, fitness center, roadways, parking areas, greens, landscaping, sidewalks, mailboxes (Section 1.01(g)(vi), WHEREAS)

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