Somerset Meadows Filing 5 Homeowners Association, Inc.

Key facts from Somerset Meadows Filing 5 Homeowners Association, Inc.'s documents

Community type

Covenant / Planned Community

Legal name

Somerset Meadows Filing 5 Homeowners Association

Developer / declarant

KB HOME COLORADO

Governing law

Colorado Common Interest Ownership Act (C.R.S. §38-33.3-101 et seq.) (Section 2.1)

Special assessments

May be levied for construction, unexpected repair, or other expenses as provided in Declaration. (Section 11.5)

Reserves & fees

Association may assess a late charge for each delinquency in amount it deems appropriate. (Section 11.8(a))

Pets

Yes, but must be supervised. Owners responsible for compliance with laws and Association rules. (Section 4.3)

Leasing & rentals

Owner may lease Lot in its entirety. (Section 4.2)

Architectural approval

Alterations or additions to improvements on Lots or Common Elements must have prior written Board approval. (Section 16.1.1)

Use restrictions

Each Lot shall be used and occupied primarily as a residence. (Section 4.1)

Voting & meetings

Each Lot is entitled to one vote; votes cannot be fractionally divided. (Section 2.3 and Section 5.3)

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