Durant Mall Condo

Key facts from Durant Mall Condo's documents

Community type

condominium (Name: 'DURANT MALL CONDOMINIUM ASSOCIATI)

Legal name

DURANT MALL CONDOMINIUM ASSOCIATION, ltd.

Governing law

Condominium Ownership Act of the State of Colorado (Article I: 'submitted to the provisions )

Assessments & dues

Board prepares budget at least annually to determine common assessments; assesses according to ownership interests in general common elements; may adjust quarterly amounts by majority vote (Article IV, paragraph 3(e): 'To prepare )

Special assessments

Board may levy and collect special assessments when necessary to meet expenses in excess of budgeted operating costs, capital expenses, or emergencies (Article IV, paragraph 3(e): 'to levy and)

Collections & liens

Association may have a lien against a unit for unpaid assessments; foreclosure as provided in Condominium Declaration (Article XI, paragraph 4: 'a lien against)

Reserves & fees

Reserve for deferred maintenance and replacement; excess assessments may be placed in working capital, sinking funds, reserves (Article IV, paragraph 3(e): 'reserve for)

Pets

Yes, dogs, cats or other household pets not to exceed one per unit without approval; not for commercial purposes (Schedule 'A', Rule 13: 'No animals or re)

Use restrictions

Owners must exercise reasonable care to avoid disturbing noises and objectionable noises (Schedule 'A', Rule 7: 'exercise reasonab)

Voting & meetings

Voting based on undivided interest in general common elements; each owner entitled to vote equal to ownership interest (Article I, paragraph 2: 'Voting shall be)

Amendments

By-laws may be amended by two-thirds (2/3) majority of owners present in person or by proxy at annual or special meeting; amendments to Articles of Incorporation require similar procedure and must conform to Declaration, Colorado Nonprofit (Article IX, paragraph 1: 'vote of a two-)

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