Smugglers Cove Condo

Key facts from Smugglers Cove Condo's documents

Community type

Condominium (Smuggler's Cove Condominiums)

Legal name

Smuggler's Cove Condominiums

Governing law

Colorado Common Ownership Interest Act (Colorado Common Ownership Interest Act)

Assessments & dues

Determined during budget preparation, ratified by Unit Owners at Association meeting (Amount of funds to be deposited monthly )

Collections & liens

Declaration of Delinquency may be filed; legal action including remedies under Colorado Common Interest Ownership Act (Declaration of Delinquency may be filed.)

Reserves & fees

Yes; reserve study every 5 years; funds deposited monthly from owner dues (Reserve Studies and Funding policy: Rese)

Leasing & rentals

Yes; utility payments may be assigned to lessee (In the event that a Unit is rented, the )

Maintenance

Association insures units and finished interior surfaces, walls, floors, ceilings; owner insures personal property (Paragraph 8.2(b) and 8.2(c))

Insurance

Full insurable replacement cost of insured property less deductibles; includes units, finished interior surfaces, walls, floors, ceilings, and normal appliances (range, refrigerator, dishwasher, permanently installed microwave, laundry wash (Paragraph 8.2(b) and 8.2(c) as amended b)

Voting & meetings

Votes allocated per units; 67% majority required for amendments (Article 10.1(a) - 'amended by a vote or )

Amendments

67% majority of votes in Association; recorded in Pitkin County per Paragraph 10.1(c) (Article 10.1(a) and 10.1(e))

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