Kirkwood Circle

Key facts from Kirkwood Circle's documents

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

Community type

Condominium (Article 1.1 Submission of Property to th)

Governing law

Uniform Condominium Act, Chapter 448, Revised Statutes of Missouri (WHEREAS paragraph 4; Article 1.1)

Assessments & dues

Board prepares annual budget; budget is sent to Unit Owners; if not rejected by majority at a meeting, budget is ratified. Monthly assessment is 1/12 of annual assessment per Unit. (Article 13.2, 13.4)

Special assessments

Supplemental budget may be prepared and approved by Board if monthly assessments are insufficient; requires same ratification process as annual budget. (Article 13.5)

Collections & liens

Unpaid assessments constitute a lien on the Unit. Association may foreclose lien as provided in Act, or seek judicial sale of Unit for breach. (Article 13.7; Article 10.2)

Reserves & fees

Annual budget must include reserve(s) for contingencies and replacements for both Common Elements and Limited Common Elements. Initial working capital also contributes to reserves. (Article 13.2(a); Article 13.6)

Pets

Yes, with restrictions. (Article 6.6)

Leasing & rentals

Yes, but all leases, rental and occupancy arrangements must be approved in writing by the Association. (Article 6.1)

Architectural approval

Board approval required for improvements or alterations to exterior, Limited Common Elements, and structural changes to Unit. Board also must approve subdivision of Unit or boundary relocation. (Article 2.5)

Home business

Limited professional use allowed: library, business records, calls, and in-home occupations not prohibited by Kansas City law. (Article 6.7)

Maintenance

Association maintains the exterior of the Condominium, which includes the roof. (Article 3.4.1)

Insurance

Not required. Each Unit Owner is responsible for maintaining own insurance on contents and additions/improvements. (Article 8.2 (last paragraph))

Use restrictions

Each Unit shall be used as a single-family residence. (Article 6.1)

Voting & meetings

Aggregate 100 votes divided among Unit Owners in accordance with their Shares (Exhibit D). Developer exercises votes for unsold Units. (Article 7.3)

Amendments

Bylaws amendments follow Act and Bylaws. Material amendments to Declaration require approval of at least 51% of Eligible Mortgagees (Article 12.1). (Article 7.4; Article 12.1)

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