Hollywood Villas

Key facts from Hollywood Villas'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)

Legal name

Hollywood Villas Association, Inc. (Article 1, Section 1.01(c))

Developer / declarant

HOLLYWOOD VILLAS, 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, 1st paragraph)

Special assessments

May be levied by the Board in the event that there is insufficient money in the reserve fund for maintenance, repair or replacement of any portion of the Common Elements or Limited Common Elements. (Article 4, Section 4.03)

Collections & liens

Association has lien for delinquent assessments; may foreclose like real estate mortgages (Section 4.08)

Reserves & fees

Assessments shall include an adequate reserve fund for maintenance, repair and replacement of Common Elements and Limited Common Elements that must be replaced or repaired on a periodic basis. (Article 4, Section 4.03)

Pets

Pets are allowed subject to restrictions. (Article 6, Section 6.02(m))

Leasing & rentals

Entire Units may be leased by the Unit Owners. No individual rooms may be rented. (Article 6, Section 6.03)

Parking & vehicles

Assigned parking areas as Limited Common Elements; use subject to Rules (Section 2.03)

Architectural approval

Yes, for alterations, additions, improvements affecting exterior or Common Elements (Section 5.02(b)(iv)-(v))

Home business

Business activities allowed within Unit if not detectable from outside, conforms to zoning, no traffic, consistent with residential character, and not a nuisance; as determined by Board. (Article 6, Section 6.02(l))

Maintenance

Association (roof is Common Element) (Section 1.01(f)(iii) and Section 5.01)

Insurance

Hazard insurance on improvements (replacement cost 100%), public liability (min $1M), workers compensation, fidelity bonds, D&O (Section 8.02)

Use restrictions

Units restricted to residential use (Section 6.02(a))

Voting & meetings

Each Unit Owner is entitled to the number of votes for each Unit owned by him as set forth in Exhibit D attached to the Declaration. (Article 3, Section 3.02)

Amendments

Developer may amend Declaration until certain time? Section 11.01 allows amendments by Developer for changes in boundaries of units owned by Developer without unit owner approval, subject to certain conditions. Unit owners may amend per Sec (Article 11, Sections 11.01 and 11.02)

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