Bear Creek Terrace Townhomes at Lakewood Overlook

Key facts from Bear Creek Terrace Townhomes at Lakewood Overlook's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

planned community subject to CCIOA (Recitals C and Section 1.2)

Legal name

Bear Creek Terrace Community Association, Inc.

Developer / declarant

Bear Creek Terrace, LLC, a Colorado Limited Liability Company (Preamble)

Governing law

Colorado Common Interest Ownership Act (CCIOA), C.R.S. § 38-33.3-101 et seq. (Section 1.2)

Assessments & dues

Annual budget proposed by Executive Board deemed adopted unless vetoed by at least 75% of Lot Owners (Section 6.6(c))

Special assessments

Allowed; must comply with budget process (Section 6.7)

Collections & liens

Assessments are a continuing lien on each Lot; Association may foreclose; personal obligation of owner; costs and attorney fees included (Sections 6.1, 6.8, 6.9)

Reserves & fees

May be established but not required; reserve funds may be funded through monthly payments or other assessments (Section 3.3(b)-(c))

Pets

Yes, common bona fide household pets subject to city and Association rules (Section 7.11(a))

Leasing & rentals

Implied allowed (one 'For Rent' sign permitted); no explicit restriction (Section 7.10(b) 'For Rent' sign)

Fences

Fences or similar structures may not be constructed or maintained without written approval under Declaration (Section 7.8)

Architectural approval

Yes, for any Improvements to Lot, Dwelling Unit Exterior, windows, doors, Roll Up Doors, or trim; approved by Declarant until Dec 31, 2035, then Association (Section 7.6)

Home business

Not explicitly prohibited; Association may restrict activities not normally associated with residential use (Section 7.5(d)) (Section 7.5(d))

Maintenance

Association responsible for maintenance of roofing (part of Dwelling Unit Exteriors); Owners responsible for replacement/improvement of roofs? Section 5.3(b) says Owners responsible for replacement and improvement of Dwelling Unit Exteriors (Section 5.2(a) and 5.3(b))

Use restrictions

Lots may be used only for residential purposes and purposes allowed by local zoning codes and permits and restrictions in Declaration (Section 7.2)

Voting & meetings

Each Lot is allocated one vote in the Association (Section 1.3(a) Allocated Interests and E)

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