Park Towers Homeowners Association

Key facts from Park Towers Homeowners Association's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Definition 1.17: 'eighty-nine (89) condo)

Developer / declarant

Kevin L. Johnson and Rebecca G. Johnson, husband and wife, and Grady W. Kromer and Cheryl L. Kromer, as trustees of The Kromer Family Trust u/d/t 2-25-87 (Preamble)

Governing law

NRS 116 and NRS 82.006 et seq. (WHEREAS B (NRS 116.2105) and Section 2.0)

Assessments & dues

Initial General Assessment calculated per unit area (total area 76,206 sq ft); no fixed amount (Section 3.01(a)(2))

Special assessments

Leviable for capital improvements or necessary expenses, approved by same vote as General Assessment change (Section 3.01(b))

Collections & liens

Assessments are a continuing lien on the unit, prior to all other liens except those in NRS 116.3116(2); foreclosure allowed under NRS 116.3116 et seq. (Section 3.02, 3.03(a))

Reserves & fees

Budget shall include a reasonable reserve for anticipated Common Element and Limited Common Element improvements (Section 3.01(a)(3))

Pets

Up to two usual and ordinary pets (exclusive of tropical fish, but including caged birds) per unit (Article VI Section 6.05)

Voting & meetings

One vote per unit, subject to Declarant's control (WHEREAS B (7) and Section 2.03)

Amendments

Modification, repeal, or amendment requires 75% vote of members in person or by proxy at a regular or special meeting (Article VIII Section 8.02)

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