Carrington Lakes

Key facts from Carrington Lakes's documents

Community type

Covenant / Planned Community

Developer / declarant

Carrington Lakes, LLC, an Alabama limited liability company (Page 4, preamble)

Governing law

Alabama nonprofit corporation law (Section 1.7 and Article 4.1)

Assessments & dues

Set by Board, not fixed in Declaration (Article 7, Section 7.1)

Special assessments

Levyable in accordance with Section 7.6 (Section 7.1(d) and 7.6)

Collections & liens

All assessments become a continuing lien until paid; foreclosure allowed (Section 7.8)

Reserves & fees

Maintenance of an adequate reserve fund required (Section 1.14 (Common Expenses definition)

Leasing & rentals

Leasing permitted subject to rules in Section 9.6 (Section 9.6 (Leasing))

Parking & vehicles

Regulated by Board; towing allowed for violations (Section 9.5 (Vehicles) and Section 4.2 ()

Voting & meetings

Class A (all owners except Declarant), Class B (Declarant), Non-Voting (outside lot owners without full membership) (Section 3.2)

Amendments

As per Section 14.2 (not fully extracted); requires vote of members and possibly Declarant consent during Control Period (Section 14.2 (referenced in Table of Con)

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