Hangars at the Refuge Condominium Owners Association

Key facts from Hangars at the Refuge Condominium Owners Association's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Hangars at The Refuge Condominium Owners Association

Units / lots

9 initially, with right to develop additional (Article III, Section 4)

Developer / declarant

AeroCondo, LLC, a Wyoming limited liability company (First paragraph of Declaration)

Governing law

Wyoming Condominium Ownership Act, Wyoming Statutes 34-20-101 et seq. (Recitals B, Article I)

Reserves & fees

Association must establish and maintain a reserve fund for replacement, repair, and maintenance of Common Elements; upon sale, purchaser deposits quarterly assessment as reserve (Article VII, Section 3 and Section 12)

Pets

Yes, household pets such as dogs and cats, subject to lease restrictions (Article XII, Section 6)

Leasing & rentals

Yes, but minimum lease term of six months (Article XII, Section 13)

Maintenance

Association maintains Common Elements; Owners are personally obligated for costs of maintenance/repair of Common Elements caused by their willful or negligent act, omission, or misconduct (or by family/guests) (Article IV, Section 6)

Use restrictions

A Unit may be used only as a hangar for storage of aircraft, vehicles, boats, etc.; if the hangar contains a residential area, it may also be used as a residence (Article XII, Section 1)

Voting & meetings

One vote per Unit owned (Article III, Section 6(b))

Amendments

Declaration may be amended by 67% of Unit Owners (recorded instrument); Declarant may amend to comply with HUD, Fannie Mae, Freddie Mac, FHA, or VA requirements without Owner vote (Article XIII, 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.