Steamboat Village Inn Condominium

Key facts from Steamboat Village Inn Condominium's documents

Reflects the 1997 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Steamboat Village Inn Condominium Association, Inc.

Assessments & dues

Board of Managers fixes, determines, levies, and collects periodically the prorated assessments to be paid by each member towards gross expenses of the Condominium. Board may adjust, decrease, or increase the amount of assessments, and cred (Section 3.07(e))

Special assessments

Board may levy special assessments whenever necessary to meet increased operating or maintenance expenses or costs, or additional capital expenses, or because of emergencies. (Section 3.07(e))

Collections & liens

When assessments are sixty (60) days past due, Association's attorney sends a letter by First Class Mail advising of delinquency and that a lien will be filed when 90 days past due and foreclosure commenced when 120 days past due. Foreclosu (Section 3.07(f))

Reserves & fees

A one-time, fixed late fee, amount determined by Board, on any amount unpaid after the fifteenth (15th) day of the month when due. Thereafter, a late fee of one and one-half percent (1.5%) per month on any amount still unpaid. (Section 3.07(f))

Voting & meetings

Each member votes the percentage of interest in Common Elements attributable to the Condominium Unit. If multiple owners, each votes his share as per title document; absent specific limitation, presumed equal undivided interest. Cumulative (Section 2.06)

Amendments

These By-Laws may be amended by the Board of Managers at a duly constituted meeting for such purpose. (Article VI)

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