Tennyson Terrace

Tennyson Terrace is located at 3501 Tennyson St. in the City & County of Denver, it consists of 1 building, 7 units, and developed in one phase. The Complex has no commercial space and units are held in fee simple. The Association was formed in September of 1996, after the units were converted from Apartments into Condominiums. The developer turned control of the Association over to an elected body of Homeowners in early 1998. The developer no longer has any control or ownership of any units or common areas. The Board today consists of 3 Members that have been elected or appointed to serve the entire Membership.

The Members are responsible to pay Homeowner Association fees, these fees range from, $245.24 to $461.80 per month, and the Association provides the following: Water, Trash, Common Area Insurance, and Maintenance to the Common Areas. Fees may be adjusted from time to time to cover the Association’s operating budget. Additionally, from time to time a Special Assessment may be imposed to the Members to cover Capital improvements or other needs the Association might have.

A charge of $250.00 is assessed as a transfer fee for each time a unit is sold or refinanced. Capital Reserves held by Owners should be collected from the Buyers at time of sale and credited to the Seller. The Amount of the reserves should be obtained by the Seller from his settlement sheet.