Aspenhof

Key facts from Aspenhof's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Aspenhof Condominiums

Governing law

Colorado Common Interest Ownership Act, C.R.S. § 38-33.3-101 et seq. (Section 1.1)

Assessments & dues

Board of Managers adopts annual budget; Periodic Assessments based on estimated cash requirements, due in advance on first day of year; may be paid in monthly installments (Sections 7.4, 7.5)

Special assessments

May be levied for construction, unexpected repair, replacement of Common Elements; written notice given; payment due at least 30 days after notice (Section 7.7)

Collections & liens

Association has lien on Unit for assessments; priority over other liens except first mortgage for six months' assessments and real estate taxes; foreclosure by judicial procedure; court may appoint receiver (Section 7.3)

Reserves & fees

Association shall establish and maintain an adequate reserve fund for replacement of capital improvements to Common Elements and those Limited Common Elements the Association is obligated to maintain (Section 7.10)

Pets

Yes, dogs, cats, or other usual and common domestic pets in Unit (Section 11.6.d)

Leasing & rentals

Yes, Residential Units may be leased subject to restrictions; Commercial Units may lease subject to Board approval (Section 11.6.f (Residential), Section 11)

Parking & vehicles

No parking, storage, display of house trailer, camping trailer, boat trailer, hauling trailer, motor home, etc. without Board prior approval (Section 11.6.g.ii)

Home business

Permitted within Unit as in-home professional occupations; no employees, public visits, nonresidential storage, signs, or additional pedestrian/vehicular traffic (Section 11.6.b)

Signs & flags

Owners have right to display political signs in or on their Unit, subject to reasonable time, place, and manner restrictions by Association (Section 11.4.b)

Use restrictions

Residential Units restricted to single-family dwelling and residential uses; in-home professional occupations permitted without employees, public visits, nonresidential storage, noise, traffic (Section 11.6.b)

Voting & meetings

Votes allocated based on each Unit's percentage of Allocated Interests (Exhibit B); no cumulative voting; voting may be suspended for default or rule infraction (up to 90 days); more than one owner must agree; tenant may vote with proxy (Section 3.3)

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