Spruce

Key facts from Spruce's documents

Community type

Condominium

Legal name

Spruce Condominium

Governing law

Horizontal Property Regimes Act (RCW Chapter 64.32) (PAGE 10, recitals; PAGE 11-16, consent f)

Assessments & dues

Annual budget shall include amount for capital reserve fund (PAGE 4, Section 11.01(h))

Special assessments

Costs of repairs necessitated by apartment owner may be specially assessed against that owner (PAGE 3, Section 10.09)

Collections & liens

Unpaid assessments plus interest and attorney's fees constitute a lien on the apartment from date due. Lien subordinate to tax liens and prior recorded mortgages. First mortgagee taking possession through foreclosure takes free of past-due (PAGE 4-5, Section 12.02)

Reserves & fees

Annual budget shall include amount for capital reserve fund for permanent capital repairs and improvements to common areas and facilities (PAGE 4, Section 11.01(h))

Leasing & rentals

Apartment owners may lease or rent their apartments (PAGE 5, Section 17.02)

Maintenance

Physical damage caused by Association entry shall be repaired by Association as common expense, unless necessitated by apartment owner, then cost specially assessed to that owner (PAGE 3, Section 10.09)

Use restrictions

The purpose for which the building and each of the apartments is intended and restricted is for residential use (PAGE 10, consent forms; repeated on page)

Voting & meetings

Owners may pledge or assign voting rights to mortgagee; mortgagee entitled to exercise voting rights after written notice (PAGE 6, Section 18.02)

Amendments

Declaration may be amended with consent or vote of 67% of owners, unless greater percentage required. Amendments altering property value or percentages require unanimous approval and prior written consent of all first mortgagees. Material a (PAGE 7, Section 24.01)

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