Anchors at Manchester

Key facts from Anchors at Manchester's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Condominium Declaration and Washington C)

Legal name

Anchors at Manchester Condominium Owners Association (Grantee: Anchors at Manchester Condomini)

Governing law

Washington Condominium Act, Laws of 1989, Chapter 43, (RCW 64.34, et seq.) (WHEREAS ... Washington Condominium Act, )

Assessments & dues

Board adopts annual budget; budget must include estimated revenues/expenses, specially allocated expenses, current regular assessments, reserve study info, and per unit reserve surplus/deficit; budget provided to owners within 30 days; owne (Section 9.3(c) (budget provisions) and S)

Special assessments

Board may propose special assessments; if not rejected by Unit Owners at a meeting, they become due and payable; Association may provide a discount for early payment (Section 9.3(c) (special assessment provi)

Collections & liens

Assessments create a lien on each Unit; Owner may remove Unit from lien by paying the Allocated Interest in Common Expense Liability attributable to that Unit (Section 8.13(k) as amended)

Reserves & fees

Budget must include current amount of regular assessments budgeted for reserve account, statement of whether Association has a reserve study and extent budget meets or deviates, and current deficiency or surplus in reserve funding per unit (Section 9.3(c) items (4)-(6))

Leasing & rentals

Leasing is allowed; all leases must be in writing and tenant must comply with Association Management Documents (Section 9.3(c): 'All leases and rental a)

Voting & meetings

Amendment requires approval of 67% of Unit Owners; amendments affecting unit rights/allocated interests/use or occupancy of unit or common elements require approval of each affected Unit Owner and 90% of votes in the Association (Section 20.1 Amendment)

Amendments

Amendments may be adopted by instrument in writing with approval of 67% of Unit Owners at a meeting or by 67% written consent; no action to challenge validity may be brought more than one year after recording; amendments affecting unit righ (Section 20.1 Amendment)

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