Gramercy Place Association

Key facts from Gramercy Place Association's documents

Reflects the 1980 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1)

Legal name

Gramercy Place Condominium Association, Inc. (Section 3(a))

Governing law

Apartment Ownership Act of the State of Kansas, Section 58-3101 et seq. (Preamble)

Assessments & dues

Board of Directors determines amounts and times for payment of Common Expenses; each Unit Owner pays proportionate share equal to Unit Interest. (Section 8(A))

Collections & liens

Unpaid Common Expenses constitute a lien on the Unit, prior to all except tax liens and first mortgage; foreclosable by suit like mortgage. (Section 8(B))

Reserves & fees

Common Expenses include reserves for maintenance, repair, and replacement of Common Areas and Facilities. (Section 3(g)(ii))

Home business

A Residential Unit Owner or Occupant may use a portion of his Unit for his office provided activities comply with local rules, do not interfere with quiet enjoyment of others, and do not involve on-premises personal services to customers. (Section 32(a))

Use restrictions

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

Voting & meetings

Each Unit Owner's vote is based on Unit Interest percentage; amendments require 67% of aggregate Unit Interests. (Section 33, Section 8(A))

Amendments

By affirmative vote of Unit Owners owning at least 67% of aggregate Unit Interests, cast in person or by proxy at a meeting; amendment must be recorded. (Section 33)

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