Lafayette Place Condominium Association, Inc.

Key facts from Lafayette Place Condominium Association, Inc.'s documents

Community type

condominium (Throughout (e.g., Article I M, Associati)

Units / lots

34 (Phase I: Building A 8 units, Building B 14 units, Building C 12 units) (Exhibit 'C' (page 441))

Developer / declarant

PRESLEY COMPANY OF NEW MEXICO, a New Mexico corporation (Article I A)

Governing law

New Mexico Condominium Act (cited as 547-70-2, N.M.S.A. (1978) and 547-7C-3, E, F and G) (Article I B, Article II A(2))

Special assessments

May be levied for capital improvements (construction, reconstruction, unexpected repair or replacement of capital improvement on common area) with assent of two-thirds (2/3) of votes of members voting in person or by proxy at a meeting duly (Article IV B)

Voting & meetings

Each Owner, including Declarant, is entitled to one vote per unit owned, in accordance with percentages in Exhibit 'C'. Proxy allowed by written instrument. Mortgagee who records notice of default may vote until default cured. (Article II B)

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