Southbrook Condominium

Key facts from Southbrook Condominium's documents

Reflects the 1984 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Art. I Definitions (passim))

Units / lots

Initially 12 (units 1-12); after Phase Two expansion total 28 (units 19-46 added) (Art. II para.1 (original 12) and Supplem)

Governing law

Title 70, Chapter 23 of Montana Code Annotated (Unit Ownership Act) (Opening paragraph of Declaration)

Assessments & dues

Assessments levied by Association (Board) at regular or special meetings based on annual budget; notice at least 10 days prior to meeting; amounts determined by percentile interest in general common elements (Art. V para.5 & 8 (Declaration); By-Laws)

Special assessments

Allowed for any purpose contemplated by Declaration and Unit Ownership Act (Art. V para.8(e))

Collections & liens

Unpaid assessments constitute a lien on the unit, superior to all except tax liens and first mortgage. May be foreclosed by suit in like manner as a mortgage. Association can bid at sale. (Art. V para.6 & 7; Art. VIII para.5 & 6)

Reserves & fees

Initial reserve account: sum equal to two times monthly assessment fee for that year multiplied by number of units, divided equally among unit owners. Also By-Laws require budget to include reserves. (Art. V para.8(h); By-Laws Art. XI(b))

Pets

Dogs, cats and other household pets may be kept, subject to rules adopted by Association (Art. IV para.5(d))

Leasing & rentals

Yes, for residential purposes; no transient or hotel use (Art. IV para.5)

Parking & vehicles

Common elements include parking areas; each unit has right to one assigned parking space as appurtenance; initial assignment by Declarant, later by Association; no discriminatory reassignment without consent (Art. II para.5)

Architectural approval

Exterior alterations require prior written consent of Association; interior remodeling allowed as long as structural integrity not affected; changes to unit boundaries require amendment and approval of affected owners, Board, and all lienho (Art. VIII para.1 (alterations) and para.)

Maintenance

Unit owner maintains interior of unit and fixtures; Association maintains general and limited common elements. Damage from maintenance of common elements may be designated common or limited expense. (Art. VIII para.2; Art. XIII para.2)

Insurance

Association purchases insurance on buildings and improvements for maximum insurable replacement value, and personal property in common elements for its value; also public liability insurance (Art. VIII para.7.1, 7.2)

Use restrictions

All units for residential purposes only; no commercial use; leasing for residential is allowed (Art. IV para.5)

Voting & meetings

Each unit owner has vote equal to his/her percentile interest in general common elements (undivided interest). For limited common element matters, only owners in affected building vote. (Art. V para.3 (Declaration); By-Laws Art)

Amendments

Amendment requires approval by 75% of total percentile vote of all unit owners at a meeting after 30 days' notice; filed with recording officer. Declarant may set number of units and boundaries on second floor without vote. (Art. VII)

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