Teller Street Duplex Condominiums

Key facts from Teller Street Duplex Condominiums's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

small limited expense community (Article 1, Section 1.1)

Legal name

Teller Street Duplex Condominiums

Developer / declarant

ROOT HOMES, LLC, a Colorado limited liability company (Section 2.13 (original) / Section 2.10 ()

Governing law

Colorado Common Interest Ownership Act, §38-33.3-105-107 and §38-33.3-116 (Section 1.1)

Assessments & dues

Assessments based on annual budget adopted no less frequently than annually; each Unit pays 50% of Common Expenses based on ownership interest. (Section 13.1, 13.2 (original) / Section )

Collections & liens

Assessment lien with priority over other liens except first mortgages and taxes; foreclosure allowed. Lien attaches from due date. (Section 15.1 (original) / Section 14.1 ()

Reserves & fees

Association may assess a late charge for overdue assessments. (Section 15.3 (original) / Section 14.3 ()

Amendments

Amendments require recordation; unanimous consent of both Owners for changes to boundaries, allocated interests, uses; no amendment may increase assessments without unanimous consent of Owners and affected First Mortgagees. (Section 19.1-19.4 (original) / Section 1)

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