Faifield Square

Key facts from Faifield Square's documents

Reflects the 1984 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Fairfield Square

Developer / declarant

Philip M. Hoyt and Deanna J. Hoyt, husband and wife (Preamble, Page 1)

Governing law

Condominium Ownership Act, Sections 34-20-101 through 34-20-104, Wyoming Statutes Annotated (1977 Republished Edition) (Preamble, Page 1)

Assessments & dues

Not fixed; Board determines estimated total annual assessment during first month of each calendar year (Section 6.04, Page 12)

Special assessments

Allowed; if exceeds $15,000, must be approved by vote of Members (Section 6.06, Page 12)

Collections & liens

Association has lien for unpaid assessments; effective upon recording notice; foreclosure same as mortgage foreclosure in Wyoming; lien includes rents and profits; Association may bid at sale and hold, lease, mortgage, encumber, or convey u (Section 6.07(b), Page 13-14)

Reserves & fees

Association may establish a cash reserve for repairs, maintenance, and other expenses (Section 6.02, Page 11)

Pets

Dogs, cats, or other household pets may be kept, not for commercial purpose (Section 11.05, Page 19)

Leasing & rentals

Implied; Owner may delegate use to tenants; any Owner not residing may not use facilities except as provided (Section 10.05, Page 17)

Parking & vehicles

Boats, boat trailers, snowmobiles, snowmobile trailers, off-street motorcycles and motorcycle trailers shall not be parked for a continuous period of more than 48 hours (Section 11.12, Page 20)

Architectural approval

After completion of initial construction, no improvement shall be erected, placed, or altered until plans approved in writing by Declarant (Section 11.01, Page 18)

Maintenance

Association responsible for roof maintenance, repair, replacement (Section 6.02, Page 11)

Insurance

Fire and hazard insurance for full insurable replacement cost of all General Common Elements; also possible liability and other insurance (Section 7.01, Page 14)

Use restrictions

Fairfield Square shall be used for residential purposes only (Section 11.02, Page 18)

Voting & meetings

Class A (each owner other than Declarant): one vote per unit; Class B (Declarant): three votes per unit owned. Class B converts to Class A upon earlier of 5 years from recording, release of addition rights, or submission of all Lot 1, and w (Article VII of Certificate of Incorporat)

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