Ralston Station Townhomes

Key facts from Ralston Station Townhomes's documents

Community type

HOA (planned community) (Recital C (not a condominium))

Legal name

Ralston Station Townhome Association, Inc. (Section 1.7, Section 4.1)

Units / lots

4 (townhomes) (Section 1.16 (four unit townhome communi)

Governing law

Colorado Common Interest Ownership Act (CCIOA), C.R.S. §38-33.3-101 et seq. (Recital B, Section 1.1)

Assessments & dues

Board prepares annual budget; budget must be ratified by Owners (majority rejection can reject); if rejected, prior budget continues (Section 5.5)

Collections & liens

Statutory lien on Lot; may be foreclosed like mortgage; recording of Declaration constitutes perfection; notice of unpaid indebtedness may be recorded (Section 5.8 (Lien for Assessments), Sect)

Reserves & fees

Budget includes reserves for repainting townhome buildings every 7 years; reserves also from surplus funds (Section 5.2 (painting reserves), Section)

Pets

Yes; with restrictions (Section 13.3)

Fences

Side yard fencing restrictions (Section 13.14) (Section 13.14)

Architectural approval

Yes; for replacement/modification of townhome improvements, exterior elements, etc. (Section 6.9, Section 6.10)

Maintenance

Owners of Attached Units responsible for repair/replacement of their portion of roof; Association may step in if owner fails (Section 6.8)

Insurance

Deductible treated as Common Expense unless caused by recklessness/willful misconduct of an Owner, then assessed to that Owner (Section 7.4 (last sentence))

Use restrictions

Yes; property for residential use (Section 13.2 (Residential Use; Certain P)

Voting & meetings

One vote per Lot (25% per Lot), allocated based on Allocated Interest (Section 1.3, Section 4.6)

Amendments

See Section 16.4 (Duration, Revocation, and Amendment) – not excerpted in detail (Section 16.4)

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