Holmeswood Condominiums

Key facts from Holmeswood Condominiums's documents

Reflects the 1991 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

HOLMESWOOD CONDOMINIUM OWNERS' ASSOCIATION

Developer / declarant

HOLMESWOOD CONDOMINIUM OWNERS' ASSOCIATION (a Missouri not-for-profit corporation) (Preamble)

Governing law

Condominium Property Act of Missouri, 448.1-101 et. seq. RSMo (Preamble; Declaration Section 1(C))

Assessments & dues

Board adopts annual budget; monthly assessments based on unit interest (Bylaws Article V Section 1(D))

Special assessments

Allowed for emergencies, liens, purchase/lease, and additions/alterations >$10,000 with majority vote (Bylaws Article V Sections 1(F), 1(G), 1()

Collections & liens

Unpaid common charges constitute a lien on the unit; Board may foreclose like a mortgage; lien prior to all except taxes and prior recorded encumbrances; fines also included (Bylaws Article V Sections 4, 6; Declarat)

Reserves & fees

Reserve Account for working capital, general operating reserves, replacement, maintenance, capital improvements, deficits (Bylaws Article V Section 1(C)(iii))

Use restrictions

Each unit used solely for residential purposes, single family; no professional or business office; occasional business guests allowed (Bylaws Article V Section 11(a))

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