Solar Valley Condo Prop

Key facts from Solar Valley Condo Prop's documents

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

Community type

Condominium

Legal name

SOLAR VALLEY CONDOMINIUM PROPERTY REGIME

Developer / declarant

R & H Dwellings, Inc. (Master Deed, acknowledgment and Exhibit )

Governing law

Sections 76-801 to 76-823, Reissue Revised Statutes of Nebraska, 1943, as amended, otherwise known as the Condominium Property Act (Master Deed, introductory paragraph)

Assessments & dues

Not fixed; assessments made annually based on budget, payable in 12 equal monthly installments. (By-Laws Section 10: 'Assessments against)

Collections & liens

Delinquent assessments plus interest constitute a lien on the owner's interest; lien recorded with Register of Deeds of Douglas County, Nebraska, and has priority over all other liens except taxes and prior recorded mortgages. (Exhibit V, paragraph B; By-Laws Section )

Reserves & fees

Budget shall include reserves for deferred maintenance, replacements, and working fund. (By-Laws Section 9: 'reserves for deferre)

Pets

Dogs, cats, or other household pets may be kept in an apartment, provided they are not housed outside the apartment. (Exhibit V, paragraph E)

Architectural approval

Owner shall refrain from painting, decorating, or changing the appearance of any portion of the exterior of the building without prior written approval from the Association. (Exhibit V, paragraph C(ii))

Use restrictions

Apartments shall be devoted solely to residential purposes; each apartment occupied only by one family, its servants and guests. (Master Deed paragraph 8; Exhibit V, para)

Voting & meetings

One vote per apartment (By-Laws Section 3: 'Each apartment ... s)

Amendments

Master Deed amendment: by co-owners representing 3/4 of total basic value, in writing, acknowledged and recorded; not binding on mortgage holder unless consent in writing. By-Laws amendment: by co-owners representing at least 2/3 of total b (Exhibit V, paragraph G; By-Laws Section )

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