Willowwood Condominium

Key facts from Willowwood Condominium's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title page; Section 2.8)

Legal name

Willowwood Condominium

Governing law

Washington Condominium Act, Chapter 64.34 RCW (the Act) (Section 1.2)

Assessments & dues

Annual Budget prepared by Board; ratified unless rejected by majority of Unit Owners. Assessments in proportion to Allocated Interests for Common Expense Liability. (Sections 10.1, 10.2, 10.4.1)

Special assessments

Board may levy for unexpected repair, nonrecurring contingency, or deficiencies; notice and meeting required; due with next monthly payment after 30 days. (Section 10.7)

Collections & liens

Statutory lien for unpaid Assessments; may be foreclosed judicially or nonjudicially (power of sale). Redemption period 8 months if deficiency waived. Rent may be collected from tenant. (Sections 1.2, 10.15-10.20)

Reserves & fees

Required for capital improvements, replacements, major repairs, and insurance deductibles. Reserves segregated, non-refundable. Two signatures required for checks. (Sections 10.3, 10.9)

Home business

Allowed with Board permission for professional office or low-impact commercial use, subject to insurance requirements and no annoyance. (Section 9.1.1)

Use restrictions

Buildings and Units shall be used for residential purposes only, whether ownership or rental. (Section 9.1.1)

Voting & meetings

Each Unit has one equal vote; voting power per Unit expressed as percentage on Exhibit A. Manner of voting prescribed in Bylaws. (Section 7.4.1, 7.4.2)

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