Somerset House Condominium (AL)

Key facts from Somerset House Condominium (AL)'s documents

Reflects the 1980 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Paragraph 2 (Name))

Legal name

Somerset House Condominium

Developer / declarant

EBSCO Investment Services, Inc., a Delaware corporation (Opening paragraph)

Governing law

Condominium Act of Alabama, Code of Alabama 1975, Section 35-8-1 et seq. (Paragraph 1)

Special assessments

Allowed for costs of repairs, insurance shortfalls, etc. (Paragraph 18.4)

Collections & liens

Association granted lien for assessments; may foreclose and acquire unit (Paragraph 14.5)

Leasing & rentals

Units may be leased or rented for such terms as the Unit Owner deems appropriate (Paragraph 19.4)

Parking & vehicles

One parking space per unit appurtenant to the building, location set by Board (Paragraph 7.3 (second easement))

Use restrictions

The Property shall be used solely for residential purposes (Paragraph 19.1)

Voting & meetings

Each Unit Owner is entitled to one vote for each Unit owned by him. (Paragraph 15.3)

Amendments

Requires majority of directors and 75% of Association votes; certain amendments require affected owner consent (Paragraph 23.2 and 23.5)

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