Summerset (UT)

Key facts from Summerset (UT)'s documents

Reflects the 2012 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Unit Development / Townhouse Association (Page 3: 'summerset II Townhouse Associat)

Legal name

Summerset Association

Governing law

Utah Code 57-8-75 (Condominium Ownership Act) and 57-8a-211 (Community Association Act); also 57-8a-204 and 205 (Page 7: 'Utah State Code, entitled Condo)

Assessments & dues

Board sets actual general assessment annually, must be less than maximum; notice given to owners (Section 4.3, 4.8) (Section 4.3: 'The Board shall set the ac)

Special assessments

Board may levy special assessments for capital improvements up to $3,000 without vote; exceeding $3,000 requires 60% vote of members (Section 4.4). Additional assessments for repair of streets from City activities (Section 4.5) (Section 4.4: 'Board shall have authority)

Collections & liens

Assessments create a continuing lien on the lot; personal obligation of owner; foreclosure by power of sale under deed of trust or action at law. (Section 4.1, 4.9) Lien subordinate to first mortgages. (Section 4.10) (Section 4.1: 'shall be a continuing lien)

Reserves & fees

Trustees shall conduct a Reserve Fund Analysis as required by Utah Code (Section 4.2). Reserve fund for repair, maintenance, replacement of common and limited common areas. (Section 4.2: 'The Trustees shall conduct)

Use restrictions

Properties restricted to residential dwellings and community buildings on common property (Section 8.1) (Section 8.1: 'restricted to residential )

Voting & meetings

One vote per lot; co-owners determine how vote is cast; no more than one vote per lot. Votes may be cast in person or by proxy. (Section 3.2) (Section 3.2: 'All members are entitled t)

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