The Brownstone Condominium

Key facts from The Brownstone Condominium's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Document title and Declaration Section B)

Developer / declarant

Lake City Construction Group, LLC (Declaration Section B and signature bloc)

Governing law

Chapter 703, Wisconsin Statutes (Wisconsin Condominium Ownership Act) (Declaration Section A and Section P)

Assessments & dues

Board of Directors fixes general assessments in proportion to each Unit's percentage interest in Common Elements. Includes reserve fund funding. (Declaration Section E.2; Bylaws Section )

Special assessments

Yes. May be levied by Board for limited common elements, reserve fund, or any other purpose determined necessary. Levied in same proportion as general assessments. (Declaration Section E.3)

Collections & liens

Association may file statement of condominium lien within 2 years after assessment due. Lien subordinate to any first mortgage recorded prior to due date. Association may also sue for money judgment. (Declaration Section E.3; Bylaws Section )

Reserves & fees

Association shall establish and maintain a reserve fund for nonrecurring operating contingencies. Not a statutory reserve under 703.163 unless adopted. If statutory reserve adopted, funds held separately and used only for repair/replacement (Declaration Section E.7; Bylaws Section )

Pets

Yes, limited. (Declaration Section F.2)

Leasing & rentals

Yes, with restrictions. (Declaration Section L)

Parking & vehicles

Exterior parking reserved for exclusive use of Unit Owners, tenants, guests. No vehicle may remain in Common Element parking spaces (except Limited Common Element spaces) for more than 48 consecutive hours without permission. No junk or ino (Bylaws Section VI(i))

Architectural approval

Yes for alterations involving movement, removal or construction of a wall (must be approved in writing by Board and recorded). No detached exterior structures without Declarant approval and possibly Plat Developer. No lawn statues or founta (Declaration Section M.1, M.3, M.4; Bylaw)

Home business

Permitted if allowed by applicable zoning ordinances. (Declaration Section F.1)

Maintenance

Association: maintenance of Common Elements. Unit Owner: maintenance and repair of their Unit, including washing windows. Association has right of access for maintenance, repair, replacement of Common Elements. (Declaration Section E.4)

Insurance

Multi-peril property insurance at full insurable value based on replacement cost on entire Condominium except owner improvements. Includes fire, extended coverage, etc. Also comprehensive public liability insurance on Common Elements with m (Declaration Section I.1 and I.2)

Use restrictions

Units (except commercial Units 120,130,140,150) may be used only for residential purposes, home occupation as permitted by zoning, or management of the Condominium. No commercial activity except in commercial Units. (Declaration Section F.1)

Voting & meetings

One vote per Unit; no fractional voting; voting in person or by proxy. (Declaration Section D.3 and Bylaws Secti)

Amendments

Declaration: Amendment requires written consent of two-thirds of Unit Owners; cannot substantially impair security of mortgagees. Sections E.1, E.2, E.3, F.1, F.2, L.5 require unanimous consent of owners of Units 120,130,140,150. While Decl (Declaration Section S; Bylaws Section V)

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