Lone Pine Townhouse

Key facts from Lone Pine Townhouse's documents

Reflects the 1980 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Lone Pine Townhouse Condominium Association, Inc.

Developer / declarant

Lone Pine Ltd., a Colorado limited partnership (Article III, Section 8)

Governing law

Condominium Ownership Act of the State of Colorado (Article I, Section 1.00)

Assessments & dues

Board prepares at least annual budget; allocates assessments among unit owners according to their common ownership interests; Board may adjust quarterly or monthly assessments by majority vote (Article IV, Section 3(e))

Special assessments

Board may levy and collect special assessments when necessary to meet increased operating or maintenance expenses, emergencies, or as provided in the Declaration (Article IV, Section 3(e))

Collections & liens

Board may prohibit use of unit by owner/guests/tenants if assessment unpaid more than 30 days; may collect delinquent assessments by suit; assessments are a lien on the unit (Article IV, Section 3(f); Article XI, Se)

Reserves & fees

Accounts include current expenses, reserve for deferred maintenance, and reserve for replacement (Article V, Section 1)

Architectural approval

Board must respond within 30 days after notice; failure to respond means no objection to proposed modifications or alterations (Article XI, Section 6(b))

Maintenance

Owner must perform all maintenance and repair work within his/her unit at own expense; Association maintains all general and limited common elements (Article XI, Section 3(a); Article IV, Se)

Insurance

Association to insure general common elements to maximum replacement value; insure common fixtures, equipment, personal property for benefit of unit owners (Article IV, Section 3(d))

Use restrictions

All units shall be used only for residential purposes (Article XI, Section 6(a))

Voting & meetings

Voting based on percentage of undivided interest in general common elements; each unit owner entitled to a vote equal to their ownership interest in the general common elements; cumulative voting prohibited (Article II, Section 2)

Amendments

Bylaws may be amended by two-thirds (2/3) majority of owners present in person or by proxy at annual or special meeting (Article VIII, 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.