Trollhaugen Condo

Key facts from Trollhaugen Condo's documents

Reflects the 1970 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Title and WHEREAS)

Legal name

Trollhaugen Condo

Developer / declarant

Routt Development Corporation, a Colorado corporation (WHEREAS)

Governing law

Condominium Ownership Act of the State of Colorado (WHEREAS)

Assessments & dues

Not fixed; based on estimated common expenses determined by Board (Paragraph 19)

Special assessments

Mentioned for deficiency after insurance insufficient for reconstruction (Para 28(b)); also for obsolescence plan (Para 28(d)) (Paragraph 28(b), (d))

Collections & liens

Unpaid common expenses constitute a lien on the unit, superior except for taxes and first mortgage; enforce by foreclosure like a mortgage; Association may bid and acquire unit (Paragraph 21)

Reserves & fees

Reasonable contingency or operating reserve or surplus fund may be created (Paragraph 19 (list of common expenses in)

Leasing & rentals

Yes, but subject to right of first refusal in Paragraph 25 (Paragraph 25)

Parking & vehicles

Automobile parking areas adjoining units under control and supervision of Declarant (Paragraph 32)

Home business

Declarant and employees may maintain business and sales office during construction and sales period; no general home business provision (Paragraph 11)

Use restrictions

Each unit shall be used and occupied principally for residential purposes (Paragraph 11)

Amendments

Requires owners representing 60% or more aggregate interest in general common elements and unanimous consent of all recorded mortgagees (Paragraph 18)

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