Four Seasons (WY)

Key facts from Four Seasons (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

Four Seasons Condominiums

Developer / declarant

Four Seasons Associates, a Joint Venture consisting of Mountain States Service Corporation and Consolidated Construction, Inc.

Governing law

Condominium Ownership Act of the State of Wyoming (Page 1, WHEREAS)

Assessments & dues

$420 per unit per year ($35 per month) until January 1 following first unit conveyance (Art. XII, Sec. 12.3)

Special assessments

May be levied for capital improvements with three-fourths vote of each class (Art. XII, Sec. 12.4)

Collections & liens

Assessments are a lien on the property; Association may foreclose. Lien subordinate to first mortgage. Sale or transfer does not affect lien; foreclosure sale extinguishes prior due assessments. (Art. XII, Secs. 12.1, 12.9, 12.10)

Reserves & fees

Mentioned as 'appropriate reserve for replacement funds' for reconstruction shortfall (Art. XIV, Sec. 14.2(b))

Home business

Prohibited (Art. VII, Sec. 7.1)

Use restrictions

Each Unit shall be used for residential purposes only; no trade or business (Art. VII, Sec. 7.1)

Voting & meetings

Two classes: Class A (all owners except Declarant) – one vote per unit; Class B (Declarant) – three votes per unit. Class B membership ceases when Class A votes equal Class B or June 30, 1987. (Art. X)

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