Cornerstone Condominiums Homeowners' Association

Key facts from Cornerstone Condominiums Homeowners' Association's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Governing law

Utah Non-Profit Corporation and Cooperative Association Act; Utah Condominium Act (Sections 57-8-1 through 57-8-60) (Introduction, page 1)

Collections & liens

Unpaid assessments become a continuing lien; Association may foreclose and recover reasonable attorney's fees, court costs, and expenses (Article 10 PERSONAL OBLIGATION AND LIEN )

Reserves & fees

Penalty fee added per month for delinquency after 30 days (Article 10 EFFECT OF NONPAYMENT REMEDIES)

Leasing & rentals

Yes, in accordance with Declaration Article III Paragraph 17 (Article 14 Leased or Rented Units)

Fences

Any fence replacement must be vinyl fencing only; no new fence without prior written approval from Management Committee (Article 13 Fences)

Insurance

Each owner must obtain own 'Condo' insurance sufficient to cover the deductible on the HOA policy (Article 15 GENERAL)

Amendments

Bylaws may be amended by affirmative vote of at least 51% majority of unit owners (Article 17)

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