Fairway Meadows Subd F3

Key facts from Fairway Meadows Subd F3's documents

Community type

condominium (Page 1: 'Condominium Common Interest Com)

Legal name

FAIRWAY PEAKS CONDOMINIUMS

Developer / declarant

Fairway Peaks, LLC, a Colorado limited liability company (Page 1)

Governing law

Colorado Common Interest Ownership Act, §§38-33.3-101 et seq. (Page 1)

Assessments & dues

Not fixed; set by budget each year. (Section 4.05: 'Assessments shall be deci)

Special assessments

Permitted for insurance shortfalls (Section 11.02) and for specific assessments (Section 4.06). (Section 11.02, 4.06)

Collections & liens

Statutory lien per C.R.S. §38-33.3-316; foreclosure permitted. (Section 4.02, 4.03)

Reserves & fees

Not explicitly required; common expenses include reserves (definition of Common Expenses includes 'funds assessed for reserves'). (Section 1.02(h) item (a))

Pets

Yes, reasonable number of dogs, cats and other household pets subject to rules. (Section 7.02(j))

Leasing & rentals

Yes, for residential purposes on a long-term basis. (Section 7.02(e): 'residential purposes i)

Parking & vehicles

Vehicles in enclosed garages or immediately adjacent; no parking on common elements except temporary; no obstruction of access. (Section 7.02(h))

Architectural approval

Yes, Executive Board approval required for exterior changes, improvements, alterations. (Section 5.05, Section 7.02(f))

Home business

Not specifically allowed; prohibited if contrary to rules. (Section 7.02(b) and (c) – no use contrar)

Use restrictions

Each Unit shall be used only for residential purposes. (Section 7.02(e))

Voting & meetings

Each unit has votes equal to its allocated interest (50% each). Majority vote of co-owners designates one voter. (Section 3.03)

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