Aspen Ridge (ID)

Key facts from Aspen Ridge (ID)'s documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Aspen Ridge

Developer / declarant

Aspen Ridge, J.V.

Assessments & dues

Regular Assessments computed by the Master Association as per the provisions of the Master Declaration (Section 8.3.2)

Special assessments

Permitted for capital improvements, replacements, equipment purchases, or shortages in Regular Assessments; requires procedure in Section 8.4 (Section 8.4.1 and 3.33)

Collections & liens

Assessments constitute a lien on each Building Lot; Master Association may foreclose such lien (Section 9.2 and 9.3)

Reserves & fees

Master Association shall establish and fund a reserve account for repair, replacement, maintenance and improvement of the Common Area (Section 5.6.2.2)

Pets

Domesticated dogs, domesticated cats, and other household pets which do not unreasonably bother or constitute a nuisance (Section 4.9)

Leasing & rentals

Owner has right to lease Building Lot subject to conditions: lease in writing, subject to Project Documents, Owner liable for tenant violations (Section 4.20)

Fences

Fences are improvements subject to Architectural Committee approval and Design Guidelines (Section 4.1 and Design Guidelines refere)

Insurance

Master Association to obtain fire (broad form All Risk), comprehensive public liability insurance ($1M per person, $1M per occurrence for personal injury/death; $1M property damage), directors' and officers' liability ($250,000), and other (Section 5.6.2.6)

Use restrictions

All Building Lots shall be used exclusively for residential purposes (Section 4.1: 'All Building Lots shall be)

Voting & meetings

Presence of Class B Member and Members holding at least 30% of total votes; if not met, second meeting requires 10% of total votes (Section 5.4)

Amendments

By Grantor initially; later by Owners as per Section 16.2 (Section 16.2)

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