Veranda Townhomes

Key facts from Veranda Townhomes's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (unit owners' association) (Article I, Section 5: 'unit owners assoc)

Units / lots

93 Lots (Article I, Section 10 and Section 19)

Developer / declarant

The Veranda, LLC, a Colorado limited liability company (Article I, Section 11)

Governing law

Colorado Common Interest Ownership Act, C.R.S. §§ 38-33.3-101 to 319 (Article I, Section 1)

Assessments & dues

$200.00 per Lot per month until Association budget sets different amount (Article IV, Section 3)

Special assessments

Allowed; requires Board adoption, meeting, and veto by 67% of votes; cannot be used to construct capital improvements during Declarant Control (Article IV, Sections 6 and 7)

Collections & liens

Association has statutory lien for assessments, fines, fees, etc.; can foreclose like a mortgage; lien extinguished if enforcement not instituted within 6 years (Article IV, Sections 9 and 10)

Reserves & fees

Annual assessments must include adequate reserve fund for maintenance, repair, replacement of periodic items and insurance deductibles (Article IV, Section 2)

Pets

Reasonable number of dogs, cats, other domestic pets; not for commercial purpose; no nuisance (Article IX, Section 5)

Parking & vehicles

Trucks rated larger than 1 ton prohibited, except necessary construction/maintenance vehicles (Article IX, Section 8(a))

Architectural approval

45 days after complete submission; if no action, deemed approved (Article V, Section 3)

Home business

Allowed if zoning permits, no external evidence, no unreasonable inconvenience (Article IX, Section 3)

Signs & flags

Permitted: name plate, street number, For Sale/For Rent per rules, security system signs ≤100 sq in, political signs. Declarant may have additional signs. (Article IX, Section 7(a))

Maintenance

Association (Article VIII, Section 1(b)(i))

Insurance

Deductibles may be assessed against negligent Owners or shared among Owners; Association may adopt non-discriminatory policies (Article VI, Section 3)

Use restrictions

Lots shall be used for residential use only; home occupations allowed if zoning permits, no external evidence, no unreasonable inconvenience (Article IX, Section 3)

Voting & meetings

One vote per Lot in accordance with Allocated Interest (fraction 1/total number of Lots); during Declarant Control, Declarant may appoint/remove all officers and directors (Article II, Section 3)

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