Woonerf Residences

Key facts from Woonerf Residences's documents

Reflects the 2024 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Woonerf Residences

Developer / declarant

DWR 2, LLC, a Colorado limited liability company (Preamble and §1.20)

Governing law

Colorado Common Interest Ownership Act, C.R.S. §38-33.3-101, et seq. - exemption from Act under §116(2) for planned community with no more than 20 lots and no reserved development rights, except as otherwise provided (Preamble and Article One §1.1)

Assessments & dues

Common Expense Assessments levied based on Budget's cash requirements; allocated among Lots equally (each Lot's Common Expense Liability = 1/17 of total Common Expenses). Special Assessments require majority vote and Declarant consent durin (§1.3(a), §5.4(a), §5.4(d))

Special assessments

May be levied for unexpected expenses, construction, etc., with approval of majority of votes in Association and, during Declarant Rights period, consent of Declarant (§5.4(d))

Collections & liens

Association has an Assessment Lien on each Lot; may foreclose pursuant to power of sale under Colorado law for real estate mortgages. Lien subordinate to First Mortgage unless recorded prior. Extinguished if not enforced within 6 years afte (§5.7)

Reserves & fees

Surplus funds may be retained as unallocated reserves; not required to credit owners. Working Capital Fund as non-refundable payment. (§5.8, §5.9)

Pets

Household pets allowed with close supervision. Board may prohibit certain breeds, restrict size, impose conditions, limit number/type based on safety/nuisance determination. (§6.1(c))

Leasing & rentals

Owner may lease Lot in its entirety subject to: (i) lease in writing and subject to Governing Documents, (ii) only for permitted uses, (iii) lessee's failure to comply is default enforceable by Association as third party beneficiary. (§6.1(b))

Architectural approval

Plans and specifications must be submitted and approved in writing before any construction commences; no specific timeline provided (§6.2(c))

Home business

Allows incidental professional/business activities such as maintaining personal library, business records, phone calls, computer, administrative help, meeting clients, provided in compliance with laws and Governing Documents. Subject to Dec (§6.1(d))

Insurance

Deductible treated as Common Expense unless loss results from recklessness/willful misconduct of Owner (or Owner's Agent) after Notice and Hearing, then may be assessed as Individual Assessment. (§8.1(b))

Use restrictions

Each Lot shall be used and occupied primarily as a residence (§6.1(d))

Voting & meetings

One vote per Lot owned within the Project (§1.3(b) and §4.5)

Amendments

Article Fifteen: Amendments by Owners, Amendments by Declarant; termination provisions. Certain provisions (4.1(d), alternative dispute resolution articles) cannot be amended for 20 years without Declarant's written consent, regardless of D (§4.1(d), §14.7, §15.2-15.5)

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