Edgemont (CO)

Key facts from Edgemont (CO)'s documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Edgemont Condominium

Governing law

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

Assessments & dues

Based on annual Budget approved by Board and Owners (Section 9.2)

Special assessments

Allowed for unbudgeted construction, reconstruction, repair, replacement, renovation, maintenance costs (Section 9.4)

Collections & liens

Perpetual lien for Assessments attaches without notice; Association may record lien notice; may foreclose; may appoint receiver to collect rents (Section 9.8, Section 9.9)

Reserves & fees

Association shall establish and maintain reserve for maintenance, repair, replacement of Common Elements (Section 8.1)

Parking & vehicles

Restrictions on use of parking and storage areas (Section 12.8) (Section 12.8)

Architectural approval

Structural alterations and exterior appearance subject to restrictions; Board approval required for subdivision of Units and relocation of boundaries (Section 12.4, Section 3.5)

Signs & flags

Restricted (subject to Section 12.7) (Section 12.7 (Restriction on Signs))

Maintenance

Association responsible for Common Elements (Section 8.1); Owners responsible for their Units and Limited Common Elements as per Declaration (Article 10); Owner's negligence (Section 10.2) (Section 8.1, Section 10.2, Section 10.3)

Insurance

Article 16 Insurance; Section 16.1 Coverage (specific terms not fully legible but required) (Article 16, Section 16.1)

Voting & meetings

Each Unit has one vote; cumulative voting not allowed; votes allocated only to Units not owned by Association (Section 4.2(c), Section 7.2)

Amendments

Requires approval by Owners holding at least 67% of Total Voting Power; amendments must be recorded (Section 20.2, 20.6); Eligible First Mortgagees have rights (Section 20.7) (Section 20.2, Section 20.6, Section 20.7)

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