Fountain Greens Condominiums II

Key facts from Fountain Greens Condominiums II's documents

Community type

Condominium

Legal name

Fountain Greens Condominiums II

Developer / declarant

James Construction Co., Inc.

Governing law

Colorado Common Interest Ownership Act (C.R.S. § 38-33.3-217(1)) (Page 23, Section 15.01 and acknowledgmen)

Assessments & dues

Set annually based on Association's advance budget. (Section 7.04, page 9)

Special assessments

Permitted; notice of amount and due date given; no payment due less than 10 days after notice. (Section 7.08, pages 9-10)

Collections & liens

Association has lien for unpaid assessments, fines, individual assessments; may foreclose; lien priority over all except pre-declaration liens and first mortgages recorded before lien; sale under foreclosure does not relieve unit from conti (Sections 7.01, 7.07(c), pages 8, 10)

Reserves & fees

Association shall establish and maintain adequate reserve fund for periodic maintenance, repair, replacement of Common Elements, funded from Common Expense Assessment. (Section 7.09, page 10)

Voting & meetings

One vote per Unit; if multiple owners, they must agree on vote. (Section 6.03, page 6)

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