Teller Lane Subdivision

Key facts from Teller Lane Subdivision's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Developer / declarant

Development 29 LLC (Declarant in document heading, page 1)

Governing law

Colorado Common Interest Ownership Act, C.R.S. § 38-33.3-101 et seq. (Recital H, page 2)

Assessments & dues

Set by Board annually, paid in equal monthly installments unless otherwise provided (Section 3.2 and 3.4, page 5-6)

Special assessments

Allowed; requires meeting and notice; effective unless disapproved by Majority of Owners at meeting (Section 3.5, page 7)

Collections & liens

Association may record lien for unpaid assessments; personal obligation; lien subordinate to first mortgages (Section 3.2, 3.9, page 5-8)

Reserves & fees

Budget must include annual reserve contribution for replacement or improvements (Section 3.4, page 6)

Maintenance

Not explicitly stated; covered under Owner maintenance of Lot improvements (Section 4.4, page 9)

Insurance

Deductible provisions as Association deems consistent; loss within deductible borne by Association (Section 6.5, page 11)

Voting & meetings

Each lot entitled to one equally weighted vote (Section 2.3, page 5)

Amendments

By agreement of Owners of at least 67% of Proportionate Interests; certain sections require higher percentages and Declarant consent while Declarant owns lot (Section 9.11(b), page 17-18)

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