Landmark (WY)

Key facts from Landmark (WY)'s documents

Reflects the 1982 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

TOWNHOUSE CONDOMINIUM ASSOCIATION, INC.

Developer / declarant

J & J Enterprises, a Partnership (Preamble)

Governing law

Condominium Ownership Act of the State of Wyoming (Preamble)

Assessments & dues

Maximum annual assessments: $408 for Units 203,204,303,304; $600 for Units 106,205,206,305,306; $756.60 for other units (per year) (Article XII, 12.3)

Collections & liens

Assessments are a continuing lien on the property; Association may foreclose (Article XII, 12.1, 12.8)

Reserves & fees

12% per annum interest from due date (Article XII, 12.8)

Leasing & rentals

Lease or rental for lodging or residential purposes not a violation of residential use covenant (Article VII, 7.1)

Parking & vehicles

Garage units may be owned separately; right of first refusal for sale to non-owner of residential unit (Amendment (Cheyenne Club), Article V)

Use restrictions

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

Voting & meetings

Two classes: Class A (owners) 1 vote per unit; Class B (Declarant) 3 votes per unit. Class B ceases when Class A votes equal or Jan 1, 1987. (Article X, 10.1)

Amendments

Amendment by instrument signed by not less than 2/3 of Unit Owners; must be recorded; certain changes require mortgagee approval (Article XVI, 16.5)

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