Oakridge 1 Condo

Key facts from Oakridge 1 Condo's documents

Reflects the 1992 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Title and Article I definitions)

Developer / declarant

John E. Dickey and Martha J. Dickey, husband and wife (Preamble)

Governing law

Wyoming Condominium Act (Preamble paragraph B)

Assessments & dues

Initial budget to determine maximum annual assessment (Article V, Section 5.05: 'until the firs)

Special assessments

Allowed for corrective action, fines, capital improvements, reconstruction (Article I, Sections 1.05-1.07 (Assessmen)

Collections & liens

Assessments are a separate, distinct and personal obligation and can be enforced by lien (Article V, Section 5.01: 'all such asses)

Reserves & fees

Required: Reserve fund for capital improvements, replacements, painting and repairs not normally expected to occur on an annual basis (Article V, Section 5.02: 'Maintenance Fu)

Pets

Not explicitly addressed in the scanned text; no pet restrictions visible (N/A)

Leasing & rentals

Not explicitly addressed in scanned text; but transfer of membership can occur upon sale; lease likely allowed (Article II, Section 2.04: transfer of me)

Parking & vehicles

Restricted Common Areas for parking with exclusive easements; shown on Exhibit C (Article I, Section 1.12: 'Restricted Com)

Architectural approval

Yes, for any construction, alteration, addition, modification, decoration, redecoration or reconstruction (Article IV, Section 4.02: 'No constructi)

Maintenance

Association maintains Common Property; Owner maintains Unit interior and utilities solely serving Unit (Article II, Sections 2.08 and 2.09)

Insurance

Fire and casualty insurance with extended coverage on Common Property Improvements; liability insurance (Article V, Section 5.04(d), (e))

Use restrictions

Implied: condominium units are residential; restrictions indicate no commercial use (Preamble: 'residential condominium units)

Amendments

Requires vote or written consent of specified percentage; Class B member approval needed until termination (Article II, Section 2.05 last paragraph )

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