Mountainside at Stowe Homeowners Association

Key facts from Mountainside at Stowe Homeowners Association's documents

Reflects the 1979 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Mountainside at Stowe Homeowners Association

Units / lots

Stage I: 31 (30 residential + 1 commercial); overall project: 97 units (Stage I:31, Stage II:36, Stage III:30) (Exhibit B: "Mountainside Condominium Sta)

Developer / declarant

Sugarbush Village Associates, a partnership organized under the laws of Vermont (First paragraph: "by Sugarbush Village A)

Governing law

Title 27, Chapter 15 of the Vermont Statutes Annotated (Condominium Ownership Act) (Recitals: "pursuant to and in accordance)

Assessments & dues

Set by the Board of Directors to meet present and projected common expenses (Bylaws Article V, §3 B (see above); Sect)

Special assessments

Permitted; may be levied in the same manner as ordinary common expense assessments (e.g., for reconstruction after casualty) (Section 11.2: "the Association may raise)

Collections & liens

Association may file and enforce liens for delinquent payments (Bylaws: Board's powers include collection and enforcement of liens); Section 18 provides remedies including attorney fees (Bylaws Article V, §3 B: "Establishment, )

Leasing & rentals

Yes, residential units may be rented for residential purposes; commercial unit owner may lease their unit (Section 8.1: "rental of all or a portion)

Architectural approval

Yes, for structural alterations within or affecting any unit, written consent of Board of Directors required; for commercial units, engineering plans must be submitted and consent cannot be unreasonably withheld (Section 8.2: "No structural alterations )

Home business

Prohibited except as permitted by Board of Directors or as employed by Declarant for model/sales office (Section 8.1: "no trade or business of an)

Maintenance

Roof is common area (maintained by Association) (Section 5.2 A includes "roofs" in common)

Insurance

Board may elect deductible provisions consistent with good business practice (Section 12.1: "may elect such deductible)

Use restrictions

Yes, all units must be used for single family residential purposes only; no trade or business, but rental for residential purposes is allowed (Section 8.1: "all units shall be used fo)

Voting & meetings

Each owner votes the percentage interest appurtenant to their unit as per Exhibit C; majority of votes present decides unless specified otherwise (Bylaws Article IV, §7: "each of the unit)

Amendments

Declaration may be amended by written approval of owners owning 51% or more aggregate ownership interest; changes to undivided percentage interest require 100% approval; Declarant has unilateral amendment right for expansion (until December (Section 15.1 and Section 16.1, 16.3, 16.)

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