Park Avenue Condo
Homeowners association — you own your lot and home; the association maintains common areas and enforces covenants.
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Key facts from Park Avenue Condo's documents
- Community type
- condominium (Recitals, Article 2)
- Legal name
- Park Avenue Condominiums
- Governing law
- Colorado Common Interest Ownership Act, C.R.S. §§ 38-33.3-101 et seq. (Section 1.1)
- Assessments & dues
- Common expense assessments based on a budget adopted by the Executive Board (Section 5.3.1)
- Special assessments
- May be levied with unanimous approval of Executive Board for General Common Elements (Section 5.7)
- Collections & liens
- Statutory lien for assessments; prior to first mortgage only for 6 months of assessments; foreclosure in manner of mortgage; acceleration allowed with Executive Board consent (Sections 5.8, 5.9, 5.10)
- Reserves & fees
- Association shall establish adequate reserve for maintenance and replacement of Common Elements, and for payment of insurance deductibles (Section 5.3.2)
- Maintenance
- Owner maintains that portion of the roof serving such Owner's Unit (Section 6.1.2.3)
- Insurance
- Property insurance against broad form covered causes of loss on Units and Common Elements, including interior surfaces, cabinets, electrical fixtures, to full replacement value (excluding land, foundation, excavation) (Section 7.2)
- Voting & meetings
- Each Unit entitled to one vote in the Association (Section 1.2, Section 1.10)
About this HOA
Park Avenue Condo is a homeowners association in Aspen, CO.
HOAproxy has 2 documents on file for Park Avenue Condo: 2 amendments. Last updated 2026-06-16.