Pine Grove Condominiums (CO)

Key facts from Pine Grove Condominiums (CO)'s documents

Community type

Condominium

Legal name

Pine Grove Condominiums

Governing law

Condominium Ownership Act of Colorado (C.R.S. 38-33-101 et seq.) and C.R.S. 38-32-101 et seq. (Page 7-8)

Assessments & dues

The Association fixes, determines, assesses, levies and collects periodic, general and special assessments to meet Common Expenses and create a contingency reserve (Paragraph 12(a), Page 21)

Special assessments

Yes, authorized for various purposes including removal of improperly parked vehicles, indemnification costs, damage from owner negligence, utility billing, and liquidated damages for rule violations (Paragraphs 6(b), 8(b), 10(c), 11(f), 9(b)

Collections & liens

Association has a lien on the unit and personal property for unpaid assessments, fees, charges, interest, late charges, and collection costs; lien may be foreclosed like a mortgage; association may take possession and appoint receiver (Paragraph 12(f), (g), (h), Pages 22-24)

Reserves & fees

Association shall establish a reserve fund for maintenance, repair, and replacement of Common Elements that must be replaced periodically, funded through periodic assessments; Declarant not obligated to contribute while acting as Declarant (Paragraph 12(a), Page 21-22)

Leasing & rentals

Nightly and transient rental is specifically allowed (Paragraph 3(c), Page 11-12)

Parking & vehicles

Each unit has right to one parking space and one storage space; unassigned unless otherwise determined; association may assign; no commercial parking; no parking outside designated areas; vehicles may be removed at owner's expense (Paragraph 6, Pages 7-8)

Architectural approval

Architectural control is covered in Paragraph 21; interior alterations affecting Common Elements or exterior require approval (Paragraph 21, Page 5 (index))

Home business

No portion of the Premises may be used for any commercial activity except leasing or renting units (Paragraph 3(c), Page 11-12)

Use restrictions

Each Unit shall be used and occupied solely for residential, dwelling or lodging purposes, including nightly and transient rentals; no commercial activity except leasing (Paragraph 3(c), Page 11-12)

Voting & meetings

One vote per unit owned; voting may be suspended for delinquent owners (Paragraph 11(b) and Paragraph 9(b), Page)

Amendments

Amendments are covered in Paragraph 24; Declarant reserved right to amend Map (Paragraph 24 and 5(c), Pages 5 and 13)

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