Overlook on Riverhaven

Key facts from Overlook on Riverhaven's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Preamble)

Legal name

THE OVERLOOK ON RIVERHAVEN, A CONDOMINIUM

Developer / declarant

Riverhaven Corp., an Alabama corporation (First paragraph)

Governing law

Alabama Uniform Condominium Act of 1991 (Preamble)

Assessments & dues

$135 for 2BR/1BA, $145 for 2BR/2BA, $165 for 3BR/2BA (estimated) (Exhibit E)

Special assessments

Allowed (Section 4.03 (additional assessments) an)

Collections & liens

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

Reserves & fees

Required as part of annual budget (reasonable allowances for contingencies and reserves) (Section 4.03)

Maintenance

Owner of unit causing damage is responsible for all damage to other units or property (Section 5.02(d))

Voting & meetings

One vote per unit owned (Section 3.02)

Amendments

Developer may amend without owner consent to add Second Phase; otherwise amendment requires owner and mortgagee approval per Act (Sections 2.02, 11.01, 11.02)

Amenities

Fitness center, pool, parking garage, storage areas (common elements); clubhouse/pool expenses in budget (Section 1.01(e)(vii) and Exhibit E)

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