Arbor-Ridge-Condominiums- -84 HOA

Key facts from Arbor-Ridge-Condominiums- -84 HOA's documents

Reflects the 1984 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title: Arbor Ridge Condominiums)

Legal name

Arbor Ridge Condominiums

Developer / declarant

TNML Development Company, Inc.

Governing law

Chapter 499B, 1983 Code of Iowa (Horizontal Property Act) (Preamble: "the horizontal property regim)

Assessments & dues

By the Council of Co-owners as set forth in the Bylaws (Article XII Sec 3: "The Council of Co-ow)

Special assessments

Council may levy special assessments (authority in Article XII Sec 3) (Article XII Sec 3: "general and special )

Collections & liens

Assessments become a lien on the unit, with interest, costs, and reasonable attorney's fees; lien is subordinate to first mortgage recorded before the assessment became payable. (Article XII Sec 3: "shall be a lien upon)

Reserves & fees

An adequate reserve fund for periodic maintenance, repair, and replacement of common elements must be maintained out of regular assessments. (Article XII Sec 4: "There shall be estab)

Use restrictions

Units are to be used as a residence. (Article I(d): "one or more rooms … which)

Voting & meetings

Each unit owner entitled to one vote per apartment; until 3/4 of apartments are sold, Developer gets three (3) votes for each unsold apartment. (Article XI: "shall be entitled to (1) vo)

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