Polo Club Place Home

Key facts from Polo Club Place Home's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Community (Section 2.2)

Governing law

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

Assessments & dues

Annual budget prepared by Board, submitted to Owners per Act; budget may be vetoed by Owners representing a majority of votes; Assessments levied annually based on budget (Section 5.1)

Collections & liens

Association has a continuing lien on each Lot for unpaid Assessments, charges, fees; may foreclose; Association may bid on or purchase Lot at foreclosure; lien subordinate to first lien security interest, real estate taxes, and prior record (Section 5.2, Section 5.4, Section 5.5)

Reserves & fees

Reasonable late charge as determined by Board of Directors (Section 5.4)

Leasing & rentals

Owner of a Lot shall have the right to lease their Lot upon such terms as they deem advisable, subject to restrictions of this Declaration (Section 6.6)

Fences

Fences require ARC approval as part of structures (Section 7.1); no specific fence standards in Declaration; delegated to Rules and Regulations (Section 7.1)

Home business

Secondary commercial and business uses allowed if no adverse effect on residential nature; prohibited: day care for compensation, manufacturing, hazardous materials storage, increased traffic, heavy equipment parking, transient/hotel/motel/ (Section 6.3)

Use restrictions

Improvements on Lots shall be used solely for residential purposes, with a residential dwelling as the primary Improvement on each Lot (Section 6.3)

Voting & meetings

Each Lot entitles its Owner to one vote (Section 3.6(b))

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