Bay Winds Condominium (RI)

Key facts from Bay Winds Condominium (RI)'s documents

Reflects the 2010 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Bay Winds Condominium

Units / lots

11 (10 residential + 1 commercial) (Section 3: The Condominium, upon the cre)

Developer / declarant

3960 Post Road, LLC (Declarant: 3960 Post Road, LLC, 3970 Pos)

Governing law

Rhode Island Condominium Act, R.I.G.L. 34-36.1-1.01 et seq. (Preamble and Section 1)

Assessments & dues

Total annual common expenses budget $33,088. Monthly common expense per unit: Unit 2: $196, Unit 3: $157, Unit 4: $132, Unit 5: $132, Unit 1: $521, Units 7-12 each $270. Unit 6: $0. (Budget Projection section and monthly ex)

Reserves & fees

$233/month, $2,800 annually for future maintenance. (Budget line item: Reserve for future Mai)

Use restrictions

Each Residential Unit shall be used and occupied only for single family residential purposes in accordance with the Zoning Ordinances of the City of Warwick. (Section 4)

Voting & meetings

One Vote per 10% of Common Expense allocation, rounded to the nearest 10% but never less than one vote per unit. Total votes = 12. (Section 6.3)

Amendments

This document is an amendment by Declarant exercising development rights reserved in original Declaration, consistent with RIGL 34-36.1. (Preamble and NOW, THEREFORE clause)

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