The Fairfax Building Condominiums

Key facts from The Fairfax Building Condominiums's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Fairfax Building Condominium Association (Section 3.01)

Developer / declarant

Brookfield Hotel Investment LLC, a Missouri limited liability company (Preamble)

Governing law

Uniform Condominium Act of the State of Missouri (Sections 448.1-101 to 448.4-120) (Preamble, Recital B)

Special assessments

May be levied for construction, repair, replacement of Common Elements; must be approved by Majority of Owners at meeting with quorum. (Section 7.05)

Reserves & fees

Association may establish a reserve, emergency, and/or sinking fund maintained in a segregated interest-bearing account. (Section 7.02(b))

Home business

Commercial Unit (Unit 1) shall be used for commercial and hotel purposes in accordance with City ordinances. (Section 4.01(a))

Voting & meetings

Each Owner has one membership per Unit. During Declarant Control Period, owners of all Residential Units collectively have only one vote. Thereafter, voting interest equals membership. (Sections 3.08, 3.09)

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