Aspen View

Key facts from Aspen View's documents

Community type

Condominium (Article I, DOC 100554 p.1)

Legal name

Aspen View Condominium Association

Governing law

Colorado Condominium Ownership Act (Article I, DOC 100554 p.1)

Assessments & dues

Board prepares annual budget, allocates common expenses among unit owners according to their ownership interest in general common elements (Article IV, Section 3(e) (p.6-7), DOC 10)

Special assessments

Board may levy special assessments for increased capital expenses or emergencies (Article IV, Section 3(e) (p.7), DOC 1005)

Collections & liens

Association has lien on unit for unpaid assessments; may foreclose as provided in Declaration; also for mechanic's lien deposits (Article XI, Section 4 (p.19-20); Article)

Reserves & fees

Reserve for deferred maintenance and reserve for replacement required (Article V, Section 1(b)-(c) (p.11-12), D)

Voting & meetings

Based on undivided interest in general common elements; each unit owner gets vote equal to ownership interest; aggregate interest = 100% for voting purposes; negative voting prohibited; proxy allowed (Article II, Section 2, DOC 100554 p.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.