Park Place

Key facts from Park Place's documents

Reflects the 1983 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Name of condominium: Park Place Condomin)

Governing law

Apartment Ownership Act of the State of Kansas, Sections 58-3101 et seq. (Opening paragraph)

Age restriction

Not present (No age restriction mentioned)

Assessments & dues

Board of Directors determines amounts and due dates, based on Common Expenses (Section 8(A))

Special assessments

Yes, for excess costs after casualty (Section 15); also for purchase of Units for Property personnel (Section 21(A)) (Section 15(A); Section 21(A))

Collections & liens

Unpaid Common Expenses and delinquency charge constitute a lien on the Unit, prior to all liens except tax liens and first mortgage. Foreclosure by suit in like manner as mortgage; receiver may be appointed; Board may bid at sale. Also viol (Section 8(B), 8(C), 8(D), 8(E); Section )

Reserves & fees

Required; fidelity coverage must be at least 1.5 times estimated annual operating expenses and reserves (Section 13(A)(3))

Pets

Yes, but only in accordance with rules promulgated by Board of Directors (Section 32(E))

Leasing & rentals

Yes, with restrictions (Section 32(A))

Home business

Allowed if in compliance with local rules, does not interfere with quiet enjoyment, and does not involve on-premises personal service to customers (Section 32(A))

Signs & flags

Not specifically mentioned (would fall under signs) (Section 32(D))

Maintenance

Not explicitly stated; roof is part of Common Areas (exterior building), so Association maintains. (Section 3(e): Common Areas are all excep)

Insurance

Deductible assessed against Unit Owners in proportion to Unit Interest (Section 15(A)(i)) (Section 15(A)(i))

Use restrictions

Residential Units shall be used for single family residential purposes and no other purposes (Section 32(A))

Voting & meetings

Each Unit Owner votes in proportion to Unit Interest (percentage ownership in Common Areas) (Section 5: Unit Owner entitled to Unit I)

Amendments

Affirmative vote of Unit Owners owning at least 67% of aggregate Unit Interests, in person or proxy at a meeting per Bylaws. Amendment must not conflict with Act. Must be recorded. (Section 33; also Section 18)

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