Lower Shore

Key facts from Lower Shore's documents

Community type

Condominium

Legal name

Lower Shore Condo Assc

Developer / declarant

Knight Properties NW LLC, a Washington limited liability company (Page 5, Declaration opening paragraph)

Governing law

Washington Condominium Act (RCW 64.90) and RCW 24.03 (Art. 2.1 (Non-Profit Corporation RCW 24.)

Assessments & dues

Board adopts proposed Budget not less than 30 days before fiscal year (Section 6.1). Budget ratified if not rejected by majority of Owners at meeting (Section 6.2). Assessments due on 15th day of each month (Section 6.6). (Sections 6.1, 6.2, 6.6)

Special assessments

Allowed for defraying Common Expenses, capital improvements, and other reasonable expenses (Section 6.9). Also for only some Units benefitted (Section 6.10). Supplemental budget/special assessment if budget inadequate (Section 6.3). (Sections 6.3, 6.9, 6.10)

Collections & liens

Association has a lien on a Unit for assessments from time due (Section 6.19.1). Lien may be foreclosed judicially (RCW Ch. 61.12) or non-judicially (RCW Ch. 61.24) (Section 6.19.7). Priority over other liens except: pre-recorded liens, rea (Sections 6.19.1, 6.19.3, 6.19.7)

Reserves & fees

Reserve study and accounts required (Article 7). Budget must include current amount of regular assessments budgeted for contribution to Reserve Account (Section 6.1.4). (Sections 6.1.4, Article 7)

Fences

Fences are Structures subject to architectural approval (Section 12.6.1.1). Maintenance of fencing between adjacent driveways shared equally by Owners (Section 10.5). (Sections 12.6.1.1, 10.5)

Architectural approval

Prior written approval of Board required for any Structure or Improvement on a Unit (Sections 12.6.1.2, 12.6.2.1). (Sections 12.6.1.2, 12.6.2.1)

Maintenance

Association responsible for maintenance, repair, and replacement of Common Elements and Improvements (Sections 9.1, 8.2). Owner responsible for maintenance of Unit and Residence, including exterior maintenance, weather protection, and lands (Sections 9.1, 8.2, 10.1, 10.2, 10.5, 10.)

Insurance

Association shall maintain property insurance on Common Elements and attached Units for at least 80% actual cash value (Section 14.1.1). Also commercial general liability insurance (Section 14.1.2), fidelity insurance (Section 14.1.3). (Sections 14.1.1, 14.1.2, 14.1.3)

Use restrictions

Each Unit shall be used only as a single-family residence (Section 12.1). (Section 12.1)

Voting & meetings

One vote per Unit (Section 2.3). Majority Vote = more than 51% of total votes allocated (Section 1.20). Voting may be by ballot without meeting (Section 2.3.4). Voting representative designated by Owner (Section 2.3.1). (Sections 1.20, 2.3, 2.3.1, 2.3.4)

Amendments

By Declarant alone for corrections and during Development Period (Section 15.1). By Board with two-thirds vote and 30 days' notice for certain amendments (Section 15.2). By Owners with affirmative vote of at least 80% of votes not allocated (Sections 15.1, 15.2, 15.3)

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