Ski Run Condominium Association, Inc.

Key facts from Ski Run Condominium Association, Inc.'s documents

Reflects the 1984 governing documents — figures and rules are as originally recorded and may have changed since.

Governing law

New Mexico Condominium Act, Chapter 47, Articles 7A, 7B, 7C, 7D NMSA 1978 (Article I, Section 1.1)

Assessments & dues

Annual budget prepared by Board, then ratified by Owners; assessments based on allocated interest (Bylaws, Section 5.1(b)(2)-(3))

Collections & liens

Assessment lien on Unit subordinate to first mortgages; foreclosure available (Declaration, Section 7.2; Bylaws Section)

Reserves & fees

Board shall maintain minimum 25% of annual budget in reserves (text garbled) (Bylaws, Section 5.1(d))

Pets

Yes, limited: one small common household pet per Unit (dogs, cats, birds) with Board rules (Bylaws, Section 5.8(9))

Leasing & rentals

Yes, with written lease; copy to Board (Bylaws, Section 5.8(6))

Voting & meetings

Each Unit allocated 1 vote (Article II, Section 2.2)

Amendments

Amendment requires 67% vote of Unit Owners; certain amendments require consent of first mortgagees and Declarant (Declaration, Article V, Sections 5.1 and)

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