Pashbents

Key facts from Pashbents's documents

Reflects the 1983 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Developer / declarant

Developer (not individually named in readable text; project identified as Wilmar Condominiums) (Article 5.1 (formation by Developer) and)

Governing law

Missouri Revised Statutes, Sections 443.190 through 443.310 (Article 6.9 references R.S.Mo. sections )

Assessments & dues

Annual budget proposed by Board of Managers, ratified by majority of Unit Owners (or larger vote if specified); assessments based on each Owner's Percentage of Ownership in Common Elements (Article 6.2 (page 14): 'Unless at that m)

Special assessments

Allowed if budget proves inadequate; must be approved by majority of Unit Owners at special meeting; effective with monthly payment due more than 10 days after notice (Article 6.3 (page 14-15): 'the Associati)

Collections & liens

Each assessment is a lien on the unit; lien extinguished unless enforcement proceedings instituted within 3 years after full amount becomes due; foreclosure governed by Missouri statutes; Board may bid at foreclosure sale (Articles 6.8, 6.9 (pages 16-17): 'shall )

Reserves & fees

Association shall build up and maintain a reasonable reserve for contingencies and replacements (Article 6.3 (page 14): 'The Association )

Leasing & rentals

Yes, but subject to Association's right of first refusal; no lease or sale without giving Association written notice and opportunity to lease or purchase on same terms as bona fide offer (Article 8.1 (page 19-20): 'the Associati)

Amendments

Amendments to Declaration require? Not clearly readable; references to 'Article' and percentages, but specific procedure not extracted due to poor OCR. (Not determinable from text)

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