Newberry Commons

Key facts from Newberry Commons's documents

Reflects the 1999 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Page 2 (title))

Legal name

Newberry Commons Condominium

Units / lots

124 (Article I, FF (Page 10))

Governing law

Uniform Condominium Act as adopted by Missouri (Sections 448.1-101 et seq.) (Article I, A (Page 7))

Assessments & dues

Association acting through Board fixes sums necessary for Common Expenses; determined annually. (Article X, A (Page 22); Article X, D (Pa)

Special assessments

Allowed by Board at any time; for deficits, construction, contingencies; requires two-thirds vote of owners (in person or by proxy) unless for breach where Board can set after due notice. (Article I, CC; Article X, C (Pages 9-10,)

Collections & liens

Unpaid assessments constitute a lien on the Unit, prior except for pre-recorded encumbrances, purchase money mortgages, tax liens; foreclosure by suit in like manner as mortgage; delinquent owner becomes tenant if occupying. (Article X, G and H (Page 23-24))

Reserves & fees

Adequate reserve fund for maintenance, repair, replacement of Common Elements and insurance deductible. (Article X, B (Page 22-23))

Leasing & rentals

Yes, with absolute right to lease subject to Declaration and By-Laws; but subject to no transitory occupancy restrictions. (Article IX, H (Page 21))

Parking & vehicles

Common Elements include parking areas and parking spaces; no Owner may obstruct Common Elements. (Article I, Q(1) (Page 8); Article IX, F )

Signs & flags

Only Declarant may install signs for sales and promotional purposes during construction period. (Article XI, A(2) (Page 24-25))

Maintenance

Association responsible for Common Elements (including Limited Common Elements), driveways, parking, recreational areas, landscaping, trash removal; Owner responsible for Unit interior, decorated surfaces, and interior fixtures. Owner liabl (Article VI, A and B (Page 14))

Insurance

Property insurance deductible not to exceed lesser of $10,000 or 1% of policy face; flood deductible not to exceed lesser of $5,000 or 1% of policy face. (Article VII, A(1) and A(5) (Pages 15-16))

Use restrictions

Units shall be occupied and used only as a private dwelling for Owner, family, tenants, social guests, and for no other purpose; exception for Declarant's model/sales office. (Article IX, C (Page 20-21))

Voting & meetings

Proportionate share based on number of Units; each Unit has one vote? Not explicitly stated per unit but proportionate shares set in Exhibit B. (Article II, D (Page 11); Exhibit B refer)

Amendments

By vote or agreement of Owners to which at least 67% of votes allocated; material amendments require approval of First Mortgagees representing at least 51% of votes of mortgaged units. Non-material amendments assume approval if no response (Article XIV (Pages 25-26))

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