Walnut Condominium

Key facts from Walnut Condominium's documents

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

Community type

Condominium

Legal name

Walnut Condominium

Governing law

RCW 64.32 (Horizontal Property Regime Act) (Page 7, Certificate; Page 1, Recital A)

Collections & liens

Unpaid assessments constitute a lien on the apartment from the date due, subordinate to taxes and prior recorded mortgages. Foreclosure remedies available. (Section 12.02)

Reserves & fees

Annual budget shall include an amount for a capital reserve fund for permanent capital repairs and improvements to common areas and facilities. (Section 11.01(h))

Leasing & rentals

Yes (Section 17.02: 'Apartment owners may ren)

Use restrictions

Yes (Consent forms: 'condominium intended for)

Amendments

Requires 67% of apartment owners; certain amendments affecting mortgages may require mortgagee consent; no amendment may change rights of Bay Rim Park Association without majority of its directors' consent. (Section XXIV (24.01, 24.02, 24.04))

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