Soda Lofts Condominium

Key facts from Soda Lofts Condominium's documents

Community type

Condominium

Legal name

Soda Lofts Condominium

Developer / declarant

Lollipop, LLC, a Missouri Limited Liability Company (Recital A)

Governing law

Missouri Uniform Condominium Act, RSMo Sections 448.1-101 et seq. (Definition 7)

Special assessments

Special assessments for capital improvements authorized; Special Individual Unit Assessments may be levied for fines, violation-related repairs, and maintenance costs caused by an Owner (ARTICLE IV Section 2(r); ARTICLE XI Sect)

Collections & liens

Association may create liens for unpaid fines or costs and enforce by foreclosure; assessment liens also provided in Article XVII; judicial sale of a Unit permitted for continued or repeated covenant violations, subject to existing mortgage (ARTICLE IV Section 2(r); ARTICLE XVII in)

Reserves & fees

Association shall maintain an adequate reserve fund for the periodic maintenance, repair and replacement of improvements constituting the Common Areas, including Limited Common Areas (ARTICLE XI Section 1)

Pets

Household domestic pets may be maintained in a Unit, provided they are not bred or maintained for commercial purposes (ARTICLE IV Section 2(m))

Leasing & rentals

Yes, but no more than two Units may be rented; subject to Board approval and written lease requirements (ARTICLE IV Section 2(h))

Parking & vehicles

One parking lot containing 15 spaces and one detached garage with 8 storage lockers; each Unit is assigned at least one parking space per Exhibit C; Units may purchase or lease additional spaces; additional or unsold spaces may remain under (ARTICLE V Section 1; ARTICLE VII Section)

Architectural approval

Yes; no building, fence, wall, sign or other structure or improvement, nor any exterior addition, change or alteration, may be commenced until plans and specifications showing nature, kind, shape, height, materials, color and location are a (ARTICLE IV Section 2(p))

Home business

Live/Work occupation permitted in Units 1-7 and in Units 8-10 when used residentially; must be a service character customarily conducted within a dwelling; Unit Owner must be owner, operator or employee; subject to business hours, delivery, (ARTICLE IV Section 2(a))

Setbacks / home size

Building is 2 1/2 stories; any replacement building must be comparable structure type, size, design and construction and contain a like number of comparable Units (ARTICLE V Section 1; ARTICLE IV Section )

Maintenance

Structural and exterior portions of buildings that are not part of a Unit are maintained by the Association; Declarant reserves the right to allocate all or any portion of the roof as Limited Common Elements to individual Units (ARTICLE XI Section 1; Definition 19(h); )

Insurance

Board must obtain fire and extended coverage, all-risk or broad-form insurance for buildings, structures, fixtures, equipment and common personal property/supplies constituting Common Areas, Limited Common Areas and Association common prope (ARTICLE XIII Section 1)

Use restrictions

Units 1-7 are intended as a single-family residence and Live/Work use; Units 8, 9 and 10 are intended for general office, retail or food and beverage sales but residential and Live/Work uses are also permitted (ARTICLE IV Section 2(a), 2(b))

Voting & meetings

One vote per Unit owned in fee simple; proportionate vote for undivided fee simple interest; unless timely challenged, one fee owner may cast the entire vote for that Unit; Board may suspend voting right for failure to pay assessments or fa (ARTICLE VIII Section 3)

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