Leslie Meadows Townhomes

Key facts from Leslie Meadows Townhomes's documents

Community type

Planned Community (Explanatory Statement B: 'create a resid)

Units / lots

2 Residences (Lots A and B) (Section 1.2(i) Lot means Lot A or Lot B;)

Developer / declarant

2010-2 SFR Venture, LLC, a Delaware limited liability company (PAGE 1, first paragraph)

Governing law

Colorado Common Interest Ownership Act (C.R.S. §38-33.3-116(2)) – Property not subject except 105, 106, 107 (Section 1.1: 'the Property shall not be )

Assessments & dues

Common Expenses defined; assessments split equally (1/2 each) or per negligence (Section 6.1: 'One-half (1/2) of the cost)

Special assessments

Yes, e.g., 100% of expenses caused by negligence (Section 6.1(i)) (Section 6.1(i): 'one hundred percent (10)

Collections & liens

Yes; lien statement recorded; foreclosure as mortgage; 12-month period to foreclose after recording (Section 6.3)

Reserves & fees

5% of past due amount (Section 6.2: 'a one-time late charge equ)

Pets

Yes, limited to 2 household pets (dogs and cats) per Residence, not for commercial purposes (Section 4.3(e): 'two (2) household pets )

Leasing & rentals

Yes, long-term and overnight rentals permitted subject to Vacation Home Rental Ordinance and more stringent Declaration terms (Section 4.3(i): 'Nothing herein shall be)

Parking & vehicles

Vehicle parking only on respective Lots in designated areas; no parking on Common Elements without consent (Section 4.3(d): 'Owners' vehicles shall )

Architectural approval

Yes, prior written consent of Board acting unanimously for exterior changes, extensions, modifications (Section 5.2: 'require the prior written )

Home business

Not explicitly prohibited, but residential use only; likely no commercial business (Section 4.1 'solely for residential purp)

Signs & flags

Not specifically addressed, but 'unsightly activities' prohibited (Section 4.3(a))

Maintenance

Association maintains General Common Elements (including Party Wall, snow removal, landscaping of Lot C, exterior of both Residences). Owners maintain their Lots and Limited Common Elements (except exterior painting/maintenance done by Asso (Section 5.3(a) and (b))

Insurance

Not specifically detailed; Article 8 requires Association to carry property insurance covering Common Elements and possibly Residences; also commercial general liability (Article 8: Section 8.1: 'The Association)

Use restrictions

Yes (Section 4.1: 'Each of the Lots shall be )

Voting & meetings

One vote per Lot A and Lot B; Owner(s) of each Lot exercisable jointly (Section 2.3: 'Lot A shall be allocated o)

Amendments

Unanimous written consent of all Owners and all first mortgagees of record; recorded; failure of mortgagee to respond within 30 days deems approval if amendment does not adversely affect mortgagee's lien (Section 11.2)

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