Boardwalk (WY)

Key facts from Boardwalk (WY)'s documents

Reflects the 1981 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Board Walk Condominiums

Developer / declarant

Kenneth Hoffner and Gail K. Hoffner d/b/a Coal-Onial Home Builders (First paragraph of Declaration)

Governing law

Condominium Ownership Act of the State of Wyoming (WHEREAS clauses)

Assessments & dues

Initial monthly maintenance charge of $300.00 plus a monthly fee of $50.00 per month (likely $350 total per month). (Article XI, Section 2(a))

Special assessments

Board may levy special assessments to fund deficiencies. Any special assessment in a fiscal year exceeding 5% of budgeted gross expenses requires majority vote of members (other than Declarant). (Article XI, Section 3)

Collections & liens

Delinquent assessments become a lien upon recording a Notice of Assessment. At least 15 days prior written notice of default is required. Foreclosure sale may occur not less than 10 nor more than 30 days after filing the Notice. Attorney fe (Article XI, Sections 7(a)-(d))

Leasing & rentals

Lease or rental of a Unit for lodging or residential purposes is permitted and not a violation. (Article VII, Section 7.1)

Fences

Back yards for each Unit shall have a fence constructed around them; the interior area of such fence shall be maintained by and for the exclusive use of the owner. (Article II, Section 2.1)

Maintenance

Association maintains roof as part of exterior of building. (Article X, Section 2(b))

Insurance

Comprehensive general liability and property damage insurance; fire and hazard insurance on improvements. Policies shall name all Owners and Association as insured. Include extended coverage, vandalism, malicious mischief. (Article XII, Sections 12.1 and 12.2)

Use restrictions

Each Unit shall be used for residential purposes only. (Article VII, Section 7.1)

Voting & meetings

Each owner has one vote for every Unit owned; fractional votes not permitted. If joint owners cannot agree, they lose their vote on that matter. (Article IX, Section 2)

Amendments

After first escrow: requires not less than 75% of owners and 75% of first mortgage holders. Prior to first escrow: Declarant may amend with consent of all mortgagees then of record. (Article XV, Sections 1 and 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.