Yahara Springs Condominiums Master Association, Inc.

Key facts from Yahara Springs Condominiums Master Association, Inc.'s documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Master association within meaning of sec. 703.155, Wis. Stats. (Section 1.3: 'The Association shall be a)

Legal name

Yahara Springs Condominiums Master Association, Inc.

Governing law

Wisconsin Condominium Ownership Act (Chapter 703) and Wisconsin Nonstock Corporation Law (Section 1.3, Article 13.1: references to)

Assessments & dues

Annual operating budget adopted by Unit Owners holding 51% of votes present at annual meeting (Section 9.2: 'the Unit Owners holding at)

Special assessments

May be levied by Board of Directors for purposes in Declaration (Section 9.4: 'Special Assessments may fr)

Collections & liens

Association may file statement of condominium lien and foreclose; also may sue for money judgment (Section 9.5: 'The Association may seek t)

Reserves & fees

Interest at 18% per year on unpaid assessments after 10 days due (Section 9.5: 'Any General Assessment or )

Leasing & rentals

Yes, with conditions: minimum lease term 180 days (30 days for Declarant); lease must require tenant to abide by documents; no transient/hotel use; unit owner remains liable; copy of lease to Association before commencement (Section 10.2 (a) through (f))

Architectural approval

Yes for changes to exterior dimensions or appearance. Permission required from YSCMA and may be denied in sole discretion. (Declaration Article 11.1: 'A Unit Owner )

Maintenance

Roof is part of Common Elements, therefore maintained by YSCMA (Declaration Article 5.1(b): 'The Common )

Use restrictions

Yes – Units may be used for single-family residential purposes only; no trade or business except home occupation per municipal ordinance (Section 10.1; Declaration Article 12.1)

Voting & meetings

Each Unit has one vote; total votes = 36 (24 units × 1 vote each? Actually 1/36 per unit). Voting restricted if condominium lien recorded and unpaid. (Sections 2.11, 9.3 of Declaration: 'Each)

Amendments

Bylaws: 67% vote of Unit Owners; during Declarant control, written consent of Declarant required. Declaration: amendment procedure not fully shown but likely similar. (Section 14.1: 'These Bylaws may be amend)

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