Holiday Beech Villas—Your Mountain Destination


(as amended September 2018)


​The Board of Directors or the managing agent shall keep detailed records of the actions of the Board and the managing agent, minutes of the meetings of the Board of Directors, minutes of the meetings of the Unit Owners, and financial records and books of account of the Condominium, including a chronological listing of receipts and expenditures, as well as a separate account for each unit which, among other things, shall contain the amount of each assessment of the common charges against such unit, the date when due, the amounts paid thereon, and the balance remaining unpaid. The financial record and books of account shall be available for examination by all the Unit Owners, their duly authorized agent or agents or attorneys at convenient hours on working days that shall be set and announced for general knowledge. A written report summarizing all receipts and expenditures of the Condominium shall be rendered by the Board to all Unit Owners on or before the 15th day of the third month following the date of each calendar year covering the preceding year. In addition, an annual report of the receipts and expenditures of the Condominium, checked by a certified public account for appropriate classification, shall be rendered by the Board to all Unit Owners and to all mortgagees of units who have requested the same, as soon as practicable after the end of each fiscal year.