Love Ridge Lodge Homes Condominium Association

Key facts from Love Ridge Lodge Homes Condominium Association's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Document title and Article I definitions)

Governing law

Condominium Ownership Act, Wyoming Statute § 34-20-101 et seq. (Article I, Section 1.1)

Assessments & dues

Annual budget prepared by Board and approved by majority of voting members at Annual Meeting. (Article VII, Section 7.1)

Special assessments

Requires majority vote of Voting Members at a meeting (or by written vote) if amount exceeds $100,000. (Article VII, Section 7.3)

Collections & liens

Unpaid assessments become a lien against the Unit and may be foreclosed like a mortgage. (Article VII, Section 7.6)

Reserves & fees

Board shall build up and maintain a reasonable reserve for contingencies and replacements. (Article VII, Section 7.1)

Pets

Pets are prohibited on the Property except as may be provided by the Rules and Regulations. (Article IV, Section 4.13)

Leasing & rentals

Units may be used for residential rental purposes. (Article IV, Section 4.3)

Architectural approval

Written consent of Board required for alterations of General Common Elements, painting/decorating exterior, window/door replacements, tree trimming. (Article IV, Section 4.7; Article V, Sect)

Maintenance

Association maintains General and Limited Common Elements (including structure up to drywall, common utilities, landscaping, parking). Owner maintains interior of Unit, exclusive use areas, appurtenances (e.g., water heater, HVAC dedicated (Article V, Sections 5.1 and 5.2)

Insurance

Association obtains fire and casualty insurance on all General Common Elements and portions it maintains; comprehensive liability insurance; Directors and Officers insurance. (Article VIII, Section 8.1(a)-(c))

Use restrictions

Units shall be occupied and used for residential and residential rental purposes only. Management Units (specific units listed) may be used for maintenance, support, storage, housekeeping. (Article IV, Section 4.3)

Voting & meetings

Total votes = 100; each Unit allocated votes as per Exhibit A; residential units (2.44%), management units (0.24%). Co-owners must designate Voting Member. (Article VI, Section 6.3; Exhibit A)

Amendments

Requires written instrument approved by Owners with at least 51% of total vote (75% to amend Article XI), certified mail to mortgagees at least 10 days prior, recorded in Teton County. (Article XII)

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