Spanish Village Condo Prop Reg

Key facts from Spanish Village Condo Prop Reg's documents

Reflects the 1971 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium Property Regime (Master Deed, p.1)

Legal name

SPANISH VILLAGE CONDOMINIUM PROPERTY REGIME

Units / lots

60 apartments (Exhibit I (amended), p.24 (15 buildings,)

Governing law

Sections 76-801 to 76-823, both inclusive, Revised Statutes of Nebraska, otherwise known as the Condominium Property Act (Master Deed, p.1)

Assessments & dues

Board of Administrators adopts a budget each November for coming calendar year; budget includes estimate of funds required for common expenses, reserves for deferred maintenance, replacement, and working fund; copies sent to each owner by D (By-Laws §10, p.20-21; §11, p.21)

Collections & liens

If any owner fails to pay an assessment when due, the amount constitutes a lien on the owner's interest in his apartment. Association may record such lien in the Register of Deeds of Douglas County, and the lien becomes privileged over all (Exhibit V, B, p.16-17; By-Laws §11, p.21)

Reserves & fees

Budget may include reserves for deferred maintenance, replacement, and a working fund. (By-Laws §10, p.20-21)

Leasing & rentals

Apartment owner may sell or lease his apartment or any interest therein only with prior written approval of the association, except for sales to certain named persons (Pettegrews). (Exhibit V, F, p.18-19; Amendment to Mast)

Parking & vehicles

Parking areas delineated on plans as belonging to specific apartments are not common elements; all other parking areas are common elements. No specific rules about parking except as assigned. (Exhibit III (amended), p.34; Exhibit III)

Maintenance

Owner responsible for maintenance, repair, replacement of window glass, screening, exterior doors (including garage doors and mechanical operators), and air conditioning compressors/units. Association responsible for painting/finishing exte (Exhibit III (original), p.11; Exhibit II)

Insurance

Owner may obtain additional insurance on his apartment at his expense. (By-Laws §12, p.22)

Use restrictions

All apartments shall be devoted solely to use for residential purposes; each apartment shall be used and occupied only by one (1) family and for no other purpose. (Master Deed §8, p.1; Exhibit V, C, p.17)

Voting & meetings

Each apartment entitled to number of votes equal to the total basic value in dollars assigned to that apartment in the Master Deed (By-Laws §3, p.19; Amendment to Bylaws §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.