Alder

Key facts from Alder's documents

Community type

condominium (ALDER CONDOMINIUM (title, recitals))

Legal name

Alder Condominium

Governing law

Horizontal Property Regimes Act, RCW Chapter 64.32 (Consent to First Amendment (page 8): 'in)

Collections & liens

Unpaid assessments, plus interest and attorney's fees, constitute a lien on the apartment from the date due; subordinate to prior recorded mortgages and tax liens. (Section 12.02 (item 8): 'All unpaid asse)

Reserves & fees

Annual budget shall include an amount for a capital reserve fund for making permanent capital repairs and improvements to common areas and facilities. (Section 11.01(h) (item 6): '(h) In addit)

Leasing & rentals

Yes, with restrictions. (Section 17.02 (item 9): 'Apartment owner)

Use restrictions

The Building and the property are solely for residential occupancy. Each apartment is restricted to non-commercial occupancy. (Consent to First Amendment (page 8): 'Th)

Amendments

Amendment requires prior written consent or vote of 67% of apartment owners, unless provision requires greater percentage. Amendment altering value or percentage interest requires unanimous approval of all owners and prior written consent o (Section 24.01 (item 12): 'This Declarati)

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