Aspen Twins

Key facts from Aspen Twins's documents

Reflects the 1996 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

townhouse (Article IV, Section 2 - 'common townhous)

Developer / declarant

Metzler Construction

Assessments & dues

Maximum $110.00 per month ($1,320 per year) (Article V, Section 5)

Special assessments

For capital improvements (2/3 vote) and for owner failure to maintain (Board authority) (Article V, Sections 6 and 7)

Collections & liens

Assessment becomes a continuing lien on the lot; personal obligation of owner; subordinate to first mortgages (Article V, Sections 1, 11, 12)

Reserves & fees

Excess funds may be deposited into Reserve Fund; insurance premiums separately accounted for in Reserve Fund (Article V, Section 4; Article IX, Sectio)

Pets

Yes (Article VII, Section 2(c) - 'not more th)

Leasing & rentals

Yes - 'any residence constructed on any Lot may be leased by the Owner thereof for rental income purposes' (Article VII, Section 2(a))

Parking & vehicles

Prohibited - 'no vehicles, trailers ... shall be parked in the public streets' (Article VII, Section 2(b))

Architectural approval

Yes - all buildings, fences, walls, other structures and improvements and landscaping require written approval (Article VI, Sections 1 and 2)

Home business

Home occupation allowed if approved by Architectural Committee, secondary, no outward appearance (Article VII, Section 2(h))

Signs & flags

One 'For Sale'/'For Rent' sign max 6 sq ft; one entrance gate sign; otherwise no signs (Article VII, Section 2(a))

Maintenance

Roof repairs mentioned as part of exterior maintenance; owner or Association depending on cause (Article IV, Section 1 and 2)

Insurance

Deductibles are responsibility of Owners, not Association (Article IX, Section 5)

Use restrictions

Each lot used exclusively for single-family residential purposes (Article VII, Section 1)

Voting & meetings

Two classes: Class A (owners, 1 vote per lot), Class B (Declarant, 3 votes per lot until conversion) (Article II, Section 2)

Amendments

By affirmative vote of 2/3 of both classes of members (Article X, Section 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.