Lakewood Estates Patio

Key facts from Lakewood Estates Patio's documents

Reflects the 2026 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

planned community (Section 1.1)

Legal name

Lakewood Estates Patio Homeowners Association, Inc.

Governing law

Colorado Common Interest Ownership Act, C.R.S. § 38-33.3-101 et seq. (Section 2.1(a))

Assessments & dues

Board of Directors prepares budget at least 30 days prior to fiscal year, establishes annual assessment. Written notice of change sent at least 30 days before assessment year. Budget does not require owner approval or ratification. (Section 5.7)

Special assessments

May be proposed at any time; effective upon affirmative vote of 2/3 of Owners present and voting (in person or by proxy) at a meeting called for that purpose with a quorum. (Section 5.8)

Collections & liens

All assessments, charges, interest, costs, and reasonable attorney's fees (including post-judgment) are a continuing lien on the Lot. Association may record notice of lien and foreclose. Lien priority as set forth in the Act. Homestead exem (Sections 5.3, 5.6(d), 5.6(e))

Reserves & fees

May be imposed without further notice if assessment not paid within 15 days of due date; amount per Association's collection policy. (Section 5.6(a)(i))

Pets

Reasonable number of generally recognized household pets on the Lot, as determined in the discretion of the Board. (Section 8.11(a))

Home business

Allowed ancillary business activities within Lot if not apparent or detectable from outside, does not increase traffic beyond normal, is legal, consistent with residential character, does not increase Association insurance, does not constit (Section 8.2(a)(i)-(vii))

Signs & flags

One flag not exceeding four feet by six feet in size attached to a flagstaff on a Residence is allowed. (Section 8.16(d))

Use restrictions

Yes, each Lot used for residential purposes only. No trade or business conducted in or from a Lot or any part of the Community, except ancillary business activities meeting specific conditions. (Section 8.2(a))

Voting & meetings

One vote per Lot. When more than one Person holds ownership, vote is exercised as those Owners determine among themselves; otherwise vote suspended if more than one seeks to exercise it. (Section 3.2(a))

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