Greeway Commons

Key facts from Greeway Commons's documents

Reflects the 1998 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Developer / declarant

Greenway Commons, LLC

Governing law

Condominium Ownership Act of the State of Wyoming (WHEREAS, Declarant desires to convert sa)

Assessments & dues

Maximum $6,000 per Unit per year ($500 per month) until January 1 following first Unit conveyance (Paragraph 12.3: Maximum Annual Assessmen)

Special assessments

For capital improvements, requires assent of 3/4 of votes of each class (Paragraph 12.4)

Collections & liens

Assessments are a continuing lien on the Unit; Association may foreclose or bring personal action; lien subordinate to first mortgage (Paragraphs 12.1, 12.9, 12.10)

Maintenance

Association responsible for maintenance and repair of roof (Article XI, Section 11.1: 'maintenance a)

Use restrictions

No residential use; only commercial use permitted (Article VII, Section 7.1: 'Each Unit sha)

Voting & meetings

Two classes: Class A (all Owners except Declarant) have one vote per Unit; Class B (Declarant) has one vote per Unit owned (Article X: Voting Rights)

Amendments

During first 25 years: 75% of Unit Owners; thereafter: 65%; any amendment must be recorded. Revocation requires unanimous consent of Owners and Mortgagees. (Article XIV, Section 14.4 and 14.3)

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