Galaxy

Key facts from Galaxy's documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Galaxy Condominiums

Developer / declarant

BGL Investments, LLC

Governing law

Colorado Common Interest Ownership Act (C.C.I.O.A.) (C.R.S. Section 38-33.3-217 of the Act)

Leasing & rentals

Yes (implied by provisions on renter's insurance and disclosure) (Second document Section 7.11(b); first d)

Insurance

Each Owner must obtain insurance on Unit and personal property, with personal liability minimum $100,000; if leasing, Owner must obtain Renter's Insurance Policy on behalf of lessee (Section 7.11 Additional Insurance Requir)

Use restrictions

Drifting smoke from a Unit that enters another Unit or Common Elements is defined as a nuisance (Smoking Prohibition section)

Voting & meetings

Each unit has allocated votes; amendments require consent of owners representing at least 67% of votes in the Association (Recital B of first document; Recital F o)

Amendments

Requires consent of Owners representing at least 67% of votes in Association and approval of Eligible Mortgagees representing at least 51% of votes of Units subject to mortgages (if any). (Recital B of first document)

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