Torian Plum Condominium Owners

Key facts from Torian Plum Condominium Owners's documents

Reflects the 1986 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Article I)

Legal name

Torian Plum Condominium Owners Association, Inc.

Governing law

Condominium Ownership Act of the State of Colorado (Article IV, Section 4(a))

Assessments & dues

Board fixes quarterly pro rata assessments in advance based on current needs and past operating history. (Article IV, Section 4(e))

Special assessments

Board may levy special assessments whenever in its opinion necessary to meet increased operating/maintenance expenses or capital expenses, or due to emergencies. (Article IV, Section 4(e))

Reserves & fees

Categories: (b) Reserve for future maintenance (items occurring less than annually); (c) Reserve for replacement (repair or replacement due to age, wear, obsolescence). (Article V)

Pets

Dogs only, and only when unit occupied by owner. (Article IX, General Rule 3)

Leasing & rentals

Implied; units may be occupied by persons renting the unit. (Article IX, Section 6(a))

Architectural approval

For structural modifications: Association must answer within 10 days after notice; failure means no objection. (Article IX, Section 6(b))

Use restrictions

All units shall be utilized only for residential occupancy by the owner, his family, guests, and persons renting the unit. (Article IX, Section 6(a))

Voting & meetings

Each unit owner entitled to number of votes equal to his or her percentage interest in the general common elements. (Article II, Section 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.