Rmt Condominum

Key facts from Rmt Condominum's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Header: "CONDO")

Legal name

The RMT Condominium Owners’ Association, Inc. (Section 1.2)

Developer / declarant

Red Mountain Theatre, Inc., an Alabama non-profit corporation (Opening paragraph and Section 1.3)

Governing law

Alabama Uniform Condominium Act of 1991 (Section 35-8A-101 et seq.) (Article 2, definition of 'Act')

Assessments & dues

set by annual budget (Section 5.3, 5.4)

Special assessments

requires unanimous vote of all Unit Owners (Section 5.5: "unanimous vote of all Unit)

Collections & liens

Association has lien for assessments; may foreclose like mortgage (Section 5.1, 5.7, 5.8)

Reserves & fees

adequate reserve fund for periodic replacement required (Section 5.6: "shall include an adequate )

Signs & flags

subject to Association standards; except directional, leasing, coming soon signs (Section 6.5)

Maintenance

Unit 1: Unit 1 owner (entire Theater Building); Red Corner Building: Association (Limited Common Elements appurtenant to Unit 2&3) (Section 7.1: (i) Unit 1 owner responsibl)

Insurance

Association carries public liability, property (Red Corner Building only), D&O, and other insurance as required by Lease (Section 8.2)

Use restrictions

prohibited (Section 6.3: "No nuisances shall be allo)

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