Grandview Station Condominiums

Key facts from Grandview Station Condominiums's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Declaration title)

Units / lots

15 (14 residential condominium units and 1 commercial condominium unit) (Section 2.1)

Developer / declarant

Grandview Station, LLC, a Colorado limited liability company (Execution clause, Section 1.13)

Governing law

Colorado Common Interest Ownership Act, Article 33.3, Title 38, Colorado Revised Statutes (Recitals, Section 1.1)

Assessments & dues

Board of Directors adopts annual budget; Owners may veto by 80% vote; if vetoed, prior budget continues (Section 7.2)

Reserves & fees

Association must establish reserve fund for replacement of common elements and insurance deductibles (Section 7.3)

Pets

Yes (Section 11.2)

Leasing & rentals

Yes, subject to restrictions (Section 11.6)

Home business

Commercial Unit may be used for business/commercial activities, not limited by Board unless contrary to law (Section 1.8)

Use restrictions

Units to be used only for dwelling purposes, except Commercial Unit (Section 11.1)

Voting & meetings

Each unit has votes per Exhibit B; Commercial Unit votes may be divided pro-rata among owners/tenants (Section 5.3, Exhibit B)

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