Lakewood Green Homes Association

Key facts from Lakewood Green Homes Association'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

Lakewood Green Homes Association

Developer / declarant

GBM Corporation (Recital A)

Governing law

Colorado Common Interest Ownership Act (C.R.S. §38-33.3-217) (Section 1.1; Recital D)

Assessments & dues

Amount determined by Board necessary to satisfy costs and expenses, including reserves (Section 5.3(a))

Special assessments

Allowed for large or unexpected expenditures or operating deficits; Board delivers summary and sets meeting; may be vetoed by majority vote (Section 5.5)

Collections & liens

Assessments (including fines, interest, costs, attorney fees) constitute a lien on the Site; may be foreclosed by action; Association may obtain receiver; personal obligation also applies (Section 5.2; Section 5.9)

Reserves & fees

Board may include a reserve fund for repairs and replacements in annual budget; no assurance reserves are adequate (Section 5.3(a))

Pets

Dogs, cats, birds, and fish permitted provided they are not vicious, dangerous, noisy, or an unreasonable annoyance (Section 6.9(x)(2))

Leasing & rentals

Leasing is allowed, but not for a term of less than 30 days; subleasing prohibited (Section 6.9(f))

Architectural approval

Yes - Design Review Committee must approve in writing any Improvement (structures, alterations, changes to exterior, landscaping, etc.) (Section 7.2(a))

Home business

Permitted only if internet-based or other business that does not require customers to physically visit, is not visible from outside, and does not unreasonably disturb neighbors (Section 6.9(e))

Signs & flags

Permitted to extent required under state law and in accordance with Association's Rules and Regulations (Section 6.9(o))

Use restrictions

Yes - No Site, Dwelling Unit, or other structure shall be used for any purpose other than single-family residential dwelling purposes (Section 6.9(e))

Voting & meetings

One class of voting membership; each Site entitled to one vote; no cumulative voting (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.