High Street Lofts

Key facts from High Street Lofts's documents

Community type

condominium (Section 2.1(b) defines Air Space Unit as)

Legal name

High Street Lofts Condominium

Units / lots

6 (maximum 8) (Section 3.2: "the Condominium is divided)

Governing law

Colorado Condominium Ownership Act, C.R.S. § 38-33.3-101 et seq. (Section 2.1(a): "Act" means the Colorado)

Assessments & dues

Budget prepared by Board; becomes effective unless disapproved by Majority of Percentage Interest at a meeting (Section 5.4(b): "The Budget and the asse)

Special assessments

Allowed; must be proposed by Board and approved unless disapproved by Majority of Percentage Interest; exception for Broadway Building (Section 5.5: "propose a special assessme)

Collections & liens

Association has lien for assessments; may record in Boulder County; authority to foreclose; lien not subject to homestead exemption; priority as set forth in Act (Section 5.2: "The Association shall have)

Reserves & fees

Annual reserve contribution for replacement of improvements that are the Area of Common Responsibility required in budget (Section 5.4(a): "an annual reserve contr)

Voting & meetings

One vote per Unit; only one person may exercise vote if multiple owners (Section 4.2: "Each Unit shall be entitle)

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