Storm Meadows East Condominium

Key facts from Storm Meadows East Condominium's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Condominium Declaration)

Legal name

Storm Meadows East Condominium Association

Governing law

Colorado Common Interest Ownership Act (CCIOA) (Section 2.1: “Act” means the Colorado Co)

Assessments & dues

Proportional to Common Expense Liability per Exhibit B; subject to adjustments for separately metered costs, limited common elements, benefit-based assessments, etc. (Sections 9.2, 9.3)

Special assessments

Permitted for unbudgeted costs, construction, repair; assessed per Section 4.2 (Section 9.4)

Collections & liens

Perpetual lien for assessments; can foreclose with power of sale; lien superior to other encumbrances except taxes and first mortgagee (Sections 9.8, 9.9, 9.11)

Reserves & fees

Association shall establish and maintain an adequate reserve account (Section 8.1: an adequate reserve account)

Pets

Association may prohibit, restrict or permit pets as set forth in Bylaws/Rules (Section 12.5: The Association may prohib)

Leasing & rentals

Not explicitly stated; tenants are referenced (Section 12.1: families, guests, invitees)

Parking & vehicles

Association may remove abandoned or inoperable vehicles (Section 12.6: remove any abandoned or in)

Architectural approval

Prior written approval of Board required for structural alterations, exterior visible alterations, window coverings, gas grills, etc. (Sections 12.4, 10.1(c))

Home business

Not explicitly addressed (No provision)

Maintenance

Owner: interior surfaces, fixtures, utilities from entry point. Association: Common Elements, structural repairs, replacement. (Section 10.1, 10.3)

Use restrictions

Units used principally for residential purposes; except Unit A-15 (SME 47) for management purposes (Section 12.1)

Voting & meetings

Each unit has votes equal to its percentage undivided interest in Common Elements; cumulative voting not allowed (Section 4.3; Section 7.3)

Amendments

Vote of owners; notice to first mortgagees; publication in newspaper (First Amendment recitals: approved by 96)

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