Ariel Apartments

Key facts from Ariel Apartments's documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Ariel Apartments Association, LLC

Units / lots

18 (ownership lots) plus Common Area Lot 19 (Article III Section 5 (Lots 1-18) and Se)

Developer / declarant

Ariel Apartments Association, Inc., a Wyoming Non-Profit Corporation (Article III Section 4, page 3-4)

Governing law

Wyoming Nonprofit Corporation Act (Wyo. Stat. Ann. 17-19-101 et seq.) (Article I D, page 2)

Reserves & fees

Association may hold reserve or capital improvement accounts (Article V Section 7, page 5)

Leasing & rentals

Association leases units to tenants; individual owners may not lease without all owners' consent (Article V Section 2 (no individual contr)

Maintenance

Association responsible for all maintenance, taxes, and insurance on all lots and common areas (Article VII Section 1, page 7)

Use restrictions

Property shall be used as a multifamily residential community, and for no other purpose (Article VI Section 1, page 6)

Voting & meetings

One vote per lot owned; Developer retains all voting rights until all lots sold and transferred (Article III Section 1 (membership per lo)

Amendments

Only by written instrument executed and acknowledged by all Lot Owners, recorded in Campbell County (Article IX Section 4, page 10)

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