Freight House Condominium

Key facts from Freight House Condominium's documents

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

Community type

Condominium

Legal name

Freight House Condominium

Developer / declarant

Lidia's Freight House, L.L.C., a Missouri limited liability company (Declaration preamble)

Governing law

Uniform Condominium Act, R.S.Mo. 2000, Sections 448.1-101 to 448.4-120 (Declaration Section 2(a))

Assessments & dues

By unanimous vote of the Board of Directors at a meeting or by unanimous consent, adopting an annual budget establishing contribution of each member to Common Expenses. (By-Laws Article III Section 9(a))

Special assessments

Any assessment(s) in a calendar year exceeding $10,000 above approved budget requires unanimous approval of Unit Owners. (Declaration Section 9(b))

Collections & liens

Unpaid assessments constitute a lien on the Unit superior to all other liens except tax liens and first mortgage sums unpaid before foreclosure. Lien may be foreclosed like a mortgage. (Declaration Section 23)

Reserves & fees

Working capital account established as contingency reserve for when Common Expenses exceed estimates. (Declaration Section 20)

Leasing & rentals

Yes, leases permitted but must be in writing, subject to Declaration, By-Laws, Rules and Regulations. (Declaration Section 11)

Signs & flags

Owners may erect exterior signs consistent with applicable regulations and Rules and Regulations; no Association approval required. Owner maintains own signs at own expense. (Declaration Section 13)

Amendments

Declaration shall not be revoked or amended unless all Owners and all holders of recorded mortgages/deeds of trust covering any Unit unanimously consent and agree by recorded instrument. (Declaration Section 19)

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