Keystone Condominium (WA)

Key facts from Keystone Condominium (WA)'s documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Second Amendment, p.1)

Legal name

Keystone Condominium

Developer / declarant

ISAAC, LLC (Second Amendment, p.1: 'ISAAC, LLC, as D)

Governing law

Washington Condominium Act, RCW 64.34 (Second Amendment, p.1: 'RCW Chapter 64.3)

Special assessments

Board may levy Special Assessment for unexpected repair, nonrecurring contingency, or deficiencies in operations/reserves. Notice to owners by writing stating amount and reasons, with Special Meeting 14-60 days after notice. Approval same a (Second Amendment Section 10.7, p.9-10)

Collections & liens

Statutory lien for Assessments may be foreclosed nonjudicially under Power of Sale. Also, if Unit is rented, Association may collect rent from tenant to pay delinquency >30 days, plus interest, attorneys' fees, costs. (Second Amendment Section 1.3 (p.2-3) and)

Reserves & fees

Board should periodically analyze adequacy of reserve fund; ascertain probable remaining useful life and replacement/repair costs of significant Common Element components; establish annual reserve budget to minimize special assessments. Sur (Second Amendment Section 5.5 (p.4-5) and)

Pets

Animals generally prohibited. Exception for small birds, aquarium fish, and up to two (2) well-behaved pets that do not normally leave Unit or adjacent Limited Common Elements. Must be registered and inoculated. Owner must clean up waste. I (Second Amendment Section 9.1.5, p.7-8)

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