Pine Mountain Preserve

Key facts from Pine Mountain Preserve's documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Natural community; single‑family residential with agricultural and recreational elements; governed by a homeowners association (WHEREAS clauses; Article I definitions)

Legal name

Pine Mountain Preserve Association, Inc. (Alabama nonprofit corporation) (Section 1.7)

Developer / declarant

Pine Mountain Preserve, Inc., a Delaware corporation (Preamble)

Reserves & fees

Transfer Payment of $3,500 per Qualifying Transfer to Land Trust; payable at or before transfer of title; interest at 8% per annum if late; constitutes a lien on Conservation Area (subject to prior mortgages) (Section 3.5)

Leasing & rentals

Six months (Section 1.45: Tenant means person occupy)

Voting & meetings

One vote per Tract; no fractional voting; Owner of multiple Tracts must vote as a whole; affirmative vote of 3/4 of Tracts required for member action; members have no voting rights while Developer exercises right to appoint Board (Section 5.3; Section 5.2)

Amendments

Developer may modify restrictions with respect to Tracts it owns (Section 2.4); Additional Property may be added by instrument executed by Developer, Land Trust, and Association (Section 2.2); amendments to Subdivision Plan require Land Tru (Sections 2.4, 2.2, 3.2)

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