Beech Street

Key facts from Beech Street's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Beech Street Condominiums

Governing law

Wyoming Statutes §§34-20-101 through 34-20-104 (2005) (Recitals and para 3(a))

Assessments & dues

Set annually by Board based on budget; each unit pays pro rata share of Common Expenses (para 22(a))

Special assessments

Association may levy special assessments to cover unanticipated expenditures or expenses chargeable to an Owner (para 22(a))

Collections & liens

Association has a lien on each unit for unpaid assessments; subordinate to first mortgages; may foreclose by suit (para 22(b)-(d))

Reserves & fees

Association may create and maintain reserves as necessary or desirable (para 14(j))

Leasing & rentals

Yes, subject to prior written approval of Association (para 18)

Maintenance

Association (exterior surfaces include roofs) (para 21(a)(1))

Insurance

Paid by Association; but if damage caused by Owner(s), that Owner assessed for deductible (para 26(c))

Use restrictions

Each Condominium Unit shall be used exclusively as a residential dwelling; no business or trade permitted (para 24(a))

Voting & meetings

Each Condominium Unit entitled to one (1) vote; joint owners cast single vote (para 16)

Amendments

Unanimous vote of Association and consent of 75% of first mortgage holders; Declarant may amend unilaterally for additions or corrections before initial unit sales (para 17)

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