Central Avenue (MT)

Key facts from Central Avenue (MT)'s documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Forest Glen North Condominium

Developer / declarant

Ronnie J. Duncan and Jay S. Russell (Declaration, preamble: 'Ronnie J. Duncan)

Governing law

Montana Unit Ownership Act, Chapter 23, Title 70, MCA (Declaration §1: 'Chapter 23, Title 70, M)

Assessments & dues

Determined annually by Board based on budget; each unit pays 33.33% of common expenses (Declaration §8.F (page 13); Exhibit D (p)

Special assessments

Allowed by Board resolution for specific purposes (Declaration §8.F.ii: 'Assessments may al)

Collections & liens

Unpaid assessments constitute a lien on the Unit prior to all other liens except taxes; foreclosure allowed. Suit to recover money judgment may be maintained without waiving lien. (Declaration §8.F.F (page 14): 'All sums )

Reserves & fees

Reserves for contingent liabilities included in common expense budget (Declaration §8.F.i: 'reserves for contin)

Use restrictions

Yes, 'the permitted use for the Units is residential living and for no other purposes whatsoever' (Declaration §6.A)

Voting & meetings

Each Unit entitled to votes in proportion to its percentage of undivided interest in general common elements as set forth in Declaration Exhibit D (33.33% per Unit) (Declaration §4.A (page 6); Bylaws Art. I)

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