The following By-Laws have been adopted to govern the affairs of the project described in the master deed of the owners. The form also contains defintions of the words and terms used in the document.
Alabama Bylaws of Condominium
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Multi-State
Control #:
US-AR-B1039
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Word;
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FAQ
Condominium documents are generally divided into three parts: Declaration, Articles of Incorporation, and Rules and Regulations.
The three basic instruments used in the purchase of a condominium are a deed to the unit; a declaration of condominium; and the bylaws of the condominium association, the membership of which is comprised of the units' owners.
A condominium is characterized by separate ownership of identified portions of the subject property (such as individual apartments in a multi-unit building) and undivided or joint ownership of the remainder (the common areas of that apartment building).
If you fail to pay your HOA or COA assessments in Alabama, the association can get a lien on your property and might foreclose on your home.
To sum up, the rights of a condominium unit owner are the following: Right of absolute ownership over his unit. Right of exclusive easement of the space of his unit. Right to repair, paint, decorate the interior of his unit.
Who regulates HOAs in Alabama? HOAs are not regulated in Alabama. New HOAs formed after January 1, 2016 are required to file certain disclosure documents with the local Probate Judge's Office for them to transmit to the Secretary of State for posting here.
What are the requirements of a condominium association? The Act requires the association of co-owners to keep current copies of the master deed, all amendments to the master deed, and other condominium documents available for review by co-owners, prospective purchasers, and prospective mortgagees.
What Is a Condominium? A condominium is a form of property ownership involving multiple-unit dwellings where a person owns his or her individual unit, but the common areas are owned in common. All members share in the costs and maintenance of the common areas.
Four types of legal governing documents are typically associated with subdivisions such as condominiums and planned developments: the Declaration of Covenants, Conditions and Restrictions (or CC&Rs), the Bylaws, the Articles of Incorporation, and the Rules.
Yes, the Condominium Property Act gives the condominium board the power to evict a tenant in certain situations. For example, when the tenant has: caused damage, other than normal wear and tear, to the common property or any other property of the condominium corporation; or.
