Chatelet Condominium Residences

Key facts from Chatelet Condominium Residences's documents

Community type

Condominium (Chatelet Condominium Residences Association, Inc.) (Title and Article I, Section 1)

Legal name

THE CHATELET CONDOMINIUM RESIDENCES ASSOCIATION, INC.

Governing law

Colorado Nonprofit Corporation Act (Article XIV, Section 5; Article VII, Sec)

Assessments & dues

Board prepares annual budget; allocates common expenses according to common ownership interests; each Unit assessed equally (Article IV, Section 13(a))

Special assessments

Board may levy special assessments (Article IV, Section 13(a))

Collections & liens

Unpaid assessments may be assessed as a lien against the Unit; Association has priority lien for unpaid assessments as of date of request (Article III, Section 2(c); Article XI, S)

Reserves & fees

Board may include in budget an amount to establish and maintain an adequate reserve for replacement of common area improvements (Article XII, Section 2)

Pets

Yes, maximum of two pets per Unit (Exhibit A, Rule 15)

Leasing & rentals

Yes, leases must include copy of Rules and Regulations; tenant not allowed to keep animals on property; Owner must provide tenant contact info to Managing Agent (Article III, Section 4; Exhibit A, Rules)

Parking & vehicles

Vehicles must be licensed and operable (Article XIII)

Maintenance

Owner must perform at own expense all maintenance and repair to own unit affecting appearance or aesthetic integrity; Owner reimburses Association for damage to common areas caused by owner's negligence (Article III, Section 6)

Voting & meetings

One vote per Unit; undivided interest votes equal to percentage interest (Article II, Section 6)

Amendments

Bylaws subject to alteration, amendment, repeal by affirmative vote of majority of members present in person or by proxy at any annual or special meeting. (Article XIV, Section 6)

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