Tennyson Oaks Condominiums

Key facts from Tennyson Oaks Condominiums's documents

Community type

Condominium

Legal name

The Tennyson Oaks Condominiums

Developer / declarant

AVJ Limited, Inc.

Governing law

Colorado Condominium Ownership Act, Colo. Rev. Stat. Ann. 38-33-1101, et. seq. (Page 1, WHEREAS: 'Condominium Ownership )

Assessments & dues

estimated assessments set by Board based on budget, due monthly in advance (Page 19-20, Section 19(a): 'estimated as)

Special assessments

allowed for purposes necessary to keep Project as first class residential property (Page 21, Section 19(b): 'levy and assess)

Collections & liens

yes, sums assessed constitute a lien on the Condominium Unit, enforceable by foreclosure like a mortgage (Page 25, Section 23: 'shall constitute a)

Reserves & fees

mandatory contingency or reserve fund for repair, replacement and maintenance of General Common Elements that must be replaced periodically (Page 21, Section 19(a): 'it shall be man)

Leasing & rentals

yes, subject to Paragraph 27(i) (Page 11, Section 12: 'Owner thereof may )

Architectural approval

yes, for enclosure of balconies, structural alterations, and certain exterior changes (Page 10, Section 10: 'no Owner shall enc)

Home business

not allowed except leasing or renting for private residential purposes (Page 11, Section 12: 'no Unit shall be u)

Maintenance

Owner responsible for interior non-supporting walls, finished surfaces, doors, windows, fixtures; Association responsible for General Common Elements including exterior walls, roofs, utilities (Page 14-15, Section 15: 'Owner shall...m)

Insurance

fire and extended coverage, all risk; full replacement value; liability insurance not less than $500,000 per occurrence; workers compensation; fidelity (Page 22-23, Section 22(a): detailed type)

Use restrictions

yes (Page 11, Section 12: 'Each Unit shall be)

Amendments

certain actions (abandonment, change of interests, partition, etc.) require prior written approval of at least two-thirds of first mortgagees and two-thirds of Owners (excluding Declarant) (Page 17, Section 18(a): 'unless at least)

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