Bravado Condominiums

Key facts from Bravado Condominiums's documents

Community type

Condominium

Legal name

Bravado Condominiums

Units / lots

229

Governing law

Condominium Ownership Act of the State of Colorado (Article I, Recitals 1.2)

Assessments & dues

Apportioned according to undivided interest in common elements (see Appendix C). Not a fixed dollar amount. (Article XI 11.3)

Special assessments

Permitted for capital improvements, unexpected repairs, etc. Apportioned according to common interest. (Article XI 11.5)

Collections & liens

Association has lien on unit for unpaid assessments; may foreclose by sale in manner of deed of trust. (Article XI 11.6)

Reserves & fees

Association shall establish a reserve fund for maintenance, repair, and replacement of Common Elements that must be replaced periodically; funded through monthly common expense assessments. (Article XI 11.2)

Pets

Dogs, cats, or other household pets allowed, provided not kept for commercial purposes and do not become a nuisance. (Bylaws Article VI Section 1)

Leasing & rentals

Lease or rental of a Unit for lodging or residential purposes not considered a violation of residential use covenant. (Article VIII 8.1)

Parking & vehicles

Parking spaces may be designated as Limited Common Elements. No general parking rules in declaration; Bylaws state cars shall be parked in areas provided and not in violation of fire or police regulations. (Article II 2.5, Bylaws Article VI Sectio)

Home business

Prohibited (no trade or business of any kind). (Article VIII 8.1)

Signs & flags

No signs of any kind shall be exhibited on the exterior of the Project without consent of the Association. (Bylaws Article VI Section 1)

Insurance

Fire insurance with extended coverage, all risk, vandalism, malicious mischief, boiler explosion, etc. Full replacement value. Flood insurance if applicable. Public liability and property damage ($500,000 per person, $1,000,000 umbrella). W (Article XII 12.1)

Use restrictions

Each Unit shall be used for residential purposes only; no trade or business may be carried on therein. (Article VIII 8.1)

Voting & meetings

25% of the units entitled to vote (Bylaws Article VI Section 2)

Amendments

Declaration amendment requires 75% of unit owners (Article XVI? Not fully shown). Bylaws amendment requires 75% of units. (Bylaws Article VII Section 1)

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