Hollywood Courts Condominium

Key facts from Hollywood Courts Condominium's documents

Reflects the 1974 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Declaration of Condominium)

Legal name

Hollywood Courts Condominium

Developer / declarant

Tarus, Inc.

Governing law

Washington Laws of 1963, Chapter 156, as amended by 1965 First Extraordinary Session, Chapter 1l (Page 1: 'Pursuant to the laws of the Sta)

Assessments & dues

Board estimates common expenses for the year; one-twelfth (1/12th) assessed monthly unless otherwise determined; each apartment pays 1/18th of total assessments (Paragraph 13)

Collections & liens

Unpaid assessments constitute a lien on the apartment in accordance with RCW 64.32.200; lien may be foreclosed by legal action as for mortgage foreclosure (Paragraph 13 and 14(b))

Reserves & fees

Assessments may include monthly payments to a general operating reserve and a reserve fund for replacements and additions (Paragraph 13)

Use restrictions

Single family dwelling purposes only (Paragraph 7(a): 'restricted to use for s)

Voting & meetings

Each apartment has 5.55% of voting power (1/18th of total 100 votes); one voting owner per apartment designated by owners (Paragraph 9(a) and (c))

Amendments

Requires written consent of holders of 70% of votes or not less than 60% of apartment owners (whichever greater); amendments altering value, percentage interests, limited common areas, or Section 11 require unanimous consent of all apartmen (Paragraph 16)

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