Polo Club

Key facts from Polo Club's documents

Community type

Condominium (Recitals and Article 2.1)

Legal name

Polo Club Condominium Association, Inc.

Governing law

Colorado Common Interest Ownership Act (C.R.S. §38-33.3-208, etc.) (Section 1.9)

Special assessments

Board may levy Special Assessment for construction, reconstruction, repair, replacement, renovation, etc. (Section 6.5)

Collections & liens

Assessment is a continuing lien on the Unit; Association may foreclose and sell the unit (Section 6.1, 6.7)

Reserves & fees

Association shall establish and maintain reserve accounts for maintenance, repair, or replacement of Common Elements (Section 5.2)

Leasing & rentals

Yes, but only with a Leasing Permit or Hardship Leasing Permit; except lenders after foreclosure (Article 10 (as amended by Doc 73054))

Architectural approval

Alterations to Units subject to Architectural Review and Unit Modification Committee approval (Article 12)

Insurance

Deductible may be assessed as Special Assessment to all Units or only to those responsible depending on culpability (Section 8.3.1)

Use restrictions

Community intended to preserve residential ownership nature (Article 11 and Recitals)

Voting & meetings

Each Condominium Unit allocated a vote equal to its percentage interest in the Common Elements (Exhibit B) (Section 4.2)

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