Aspen Townhouses by the River

Key facts from Aspen Townhouses by the River's documents

Reflects the 1970 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Aspen Townhouses By The River Condominium Association

Governing law

Colorado Condominium Ownership Act (Colorado Unit Ownership Act) (Compliance with the provisions of the Co)

Assessments & dues

Board fixes, accepts, levies, and collects prorated assessments. Assessments are pro rata according to percentage interest in General Common Elements. Board may by majority vote increase or decrease monthly assessments and levy special asse (Art. IV §3(e); Art. VI §1)

Special assessments

Board may levy and collect special assessments if necessary to meet increased operating/maintenance expenses or costs, or additional capital improvements, or emergencies. (Art. IV §3(e))

Collections & liens

Board may collect delinquent assessments by suit or otherwise, and enjoin or seek damages as provided in Declaration and Bylaws. (Art. IV §3(f))

Reserves & fees

Board may establish a plan for the common treasury and for all separate funds required or deemed advisable. (Art. IV §3(i))

Pets

Pets are allowed on the premises, but each owner is responsible for the care and conduct of all pets and liable for all damages caused by said pets. (Art. VI §7(d))

Use restrictions

Units shall be utilized for residential purposes. (Art. VI §4(a))

Voting & meetings

Voting based on each unit owner's proportional interest in the General Common Elements as shown in the Declaration. An owner of an undivided fractional interest is entitled to votes equal to his ownership interest in the unit. (Art. II §2)

Amendments

These Bylaws may be amended at a duly constituted meeting by owners representing at least seventy-five percent (75%) of the aggregate interest in the General Common Elements. (Art. VII)

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