Hotel Aspen HOA

Key facts from Hotel Aspen HOA's documents

Community type

Condominium

Legal name

Hotel Aspen Homeowners' Association

Governing law

Colorado Condominium Ownership Act (Section 11: "comply with the requirement)

Assessments & dues

The board fixes, determines, levies and collects quarterly assessments to meet common expenses; board may adjust, decrease or increase the amount. (Section 4.3e)

Special assessments

Board may levy and collect special assessments whenever in its opinion necessary to meet increased expenses or costs or additional expenses or because of emergencies. (Section 4.3e)

Collections & liens

Board may collect delinquent assessments by suit or otherwise and seek damages as provided in Declaration and bylaws; mechanics' liens may result in lien against unit; unpaid assessments may become a lien under Declaration. (Sections 4.3g, 4.3h, 7.3, and 13)

Reserves & fees

Board may set aside funds as a reserve fund to meet contingencies; also maintain reserve-sinking fund. (Section 4.3e and Section 16.9)

Voting & meetings

Voting as provided for in the Declaration, Articles of Incorporation, and these bylaws (Section 2.2)

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