Trustee Townhomes at the Aspen Meadows

Key facts from Trustee Townhomes at the Aspen Meadows's documents

Community type

condominium (Declaration for THE TRUSTEE TOWNHOMES AT)

Legal name

Trustee Townhomes at the Aspen Meadows

Governing law

C.R.S. Section 38-33.3-217(4) (pursuant to Section 13.3 of the Declarat)

Assessments & dues

General Common Expenses: equal fractional interest (numerator 1, denominator total units). Property insurance allocation: based on square footage (unit sq ft / total sq ft). (Section 2.3 replacement in Second Amendm)

Special assessments

Common Expense for service to individual unit may be assessed against that unit; expense caused by misconduct may be assessed exclusively against that owner; deficiency assessment for insurance shortfall (if proceeds insufficient for repair (Third Amendment paragraph 6.5.1, 6.5.2; )

Collections & liens

Assessments are a debt and a lien on the unit; can be enforced by sale of the unit after notice. (The assessment provided for herein shall)

Insurance

Property insurance proceeds are paid to and received by the Association for repair and reconstruction. (Paragraph 10.6 and 11.6 (Second Amendmen)

Voting & meetings

one vote per unit (Each Unit Owner shall have one vote in t)

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