Terrace Falls Condominium Owners' Association

Key facts from Terrace Falls Condominium Owners' Association's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Units / lots

80 condominium units (Section 1.27(b): "contains eighty (80) c)

Governing law

Utah Condominium Ownership Act (Utah Code Ann. § 57-8-1 et seq.) (Recitals; Article 1, Section 1.36)

Reserves & fees

$250 Association Transfer Fee to Welch Randall (FAQ: "Association Transfer Fee of $250.0)

Pets

Only Assistance Animals (service or emotional support) allowed (Section 4.6(a): "no animals...except tha)

Leasing & rentals

Yes, subject to conditions: Owner must have resided in Terrace Falls for 12 consecutive months or owned Unit for 3 years; lease minimum 1 year, maximum 3 years; no more than 8 Units leased at a time; Board approval required; subleasing proh (Section 4.4)

Home business

Permitted if incidental, secondary, meets Salt Lake City ordinance definitions, and approved by Board (Section 4.3)

Voting & meetings

Each Unit has one Weighted Vote; Weighted Vote equals number of Voting Shares based on FUOI (size and location). Voting by written or electronic ballot. (Sections 1.38, 2.5, 2.6)

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