La Fontana

Key facts from La Fontana's documents

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

Community type

Condominium

Legal name

La Fontana Condominium Association

Governing law

Colorado Common Interest Ownership Act (CCOIA) (Art. 2, §2.1(a))

Assessments & dues

Board adopts budget and sets annual assessments; summary provided to members within 90 days; budget continues if not disapproved by majority vote (but if quorum not obtained, budget effective); Board may propose new budget anytime (Art. 5, §5.3)

Collections & liens

Assessments are a continuing lien on the Unit and personal obligation of the Owner; Association may record notice of lien; priority as per Act (Art. 5, §5.2)

Reserves & fees

Surplus funds may be added to Association's capital reserve account (Art. 5, §5.8)

Parking & vehicles

Limited Common Element parking spaces assigned to Units; only assigned Owner/Occupant and guests may use; guests may use guest spaces up to 24 consecutive hours or 48 hours in any 7-day period (Art. 8, §8.6)

Architectural approval

Written approval of Board required before any encroachment onto Common/Limited Common Elements, any exterior change/alteration/construction, and any interior modification affecting Common Elements or structure; replacing carpet with hard fl (Art. 7, §7.2, §7.3(a)(iii))

Home business

Ancillary business allowed if not apparent by sight/sound/smell, no increase in traffic, legal, consistent with residential character, no greater use of Common Elements, and conforms to zoning; restrictions on business definition (Art. 8, §8.1(a)(i)-(vii))

Insurance

Deductible treated as maintenance expense; if loss affects more than one Unit, each Owner responsible for portion according to negligence or willful conduct; if no fault, each pays deductible proportionally per their Unit's percentage inter (Art. 9, §9.1(f))

Use restrictions

Each Unit shall be used for residential purposes only; all Units must be Owner occupied; leasing prohibited (Art. 8, §8.1(a))

Voting & meetings

Each Unit entitled to one vote, weighted by percentage interest in Common Elements per Exhibit B; joint owners determine among themselves (Art. 4, §4.4)

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