Enclave at Aspen

Key facts from Enclave at Aspen's documents

Community type

Covenant / Planned Community

Legal name

The Enclave at Aspen Owners Association, a Colorado non-profit corporation (Section 1.03 (as amended by First Amendm)

Developer / declarant

Howard Bass, Harris A. Cahn and Butch & Sundance Investments, Inc.

Governing law

Colorado Common Interest Ownership Act (Reference to "the Act" in Section 1.03)

Reserves & fees

Any charge payable within 15 days (amended from 10 days) (Second Amendment amendment to Section 8.)

Home business

The home office shall be operated only by an Owner or a person whose principal residence is in the Residence and only one other person. (Second Amendment amendment to Section 4.)

Maintenance

Owner responsible for: (i) exterior doors and windows of Residence; (ii) entire interior of Residence from drywall in, including drywall itself; (iii) all utility systems and facilities (including tubs, sinks, showers, toilets) located with (Third Amendment Section 7.01(a); Section)

Insurance

Property damage insurance on the Common Area and improvements, building equipment, and fixtures serving more than one Residence, and common personal property, insuring against loss by fire, lightning and the risks covered by the "all risks" (Third Amendment amended Section 7.03(a))

Voting & meetings

At least 8 out of 10 votes required to amend the Declaration (when not affecting Sharing Ratio, liability, voting rights, or Lienholder rights) (Third Amendment recital)

Amendments

Provisions creating rights in Developer or Initial Owners require written consent of those parties. Provisions on Sharing Ratio, liability for Common Expenses, voting rights, and rights of Lienholders require consent of Lienholders. Other a (First Amendment recital of Section 12.03)

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