Expandable Condominium

Key facts from Expandable Condominium's documents

Reflects the 1982 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Expandable Condominium (Page 147: 'Mount View Village Condominiu)

Developer / declarant

Mount View Associates, a Connecticut General Partnership, consisting of Rocco Perugini and Salvatore Rubbo, doing business at 1860 Baldwin Street, Waterbury, Connecticut (Page 147)

Governing law

Connecticut General Statutes, Chapter 825, Condominium Act of 1976 (Page 147: 'pursuant to Section 47-716' a)

Assessments & dues

Projected monthly common charge per unit: $53.125 (12.5% of total common expenses) for first 12 months after initial occupancy, then adjusts to 6.25% after expansion (Schedule D, page 157)

Collections & liens

Fines collectible as common charges; for violation of age restriction, Association may foreclose; Board has power to acquire units via foreclosure (Article 11(k) page 178; Article 16 page )

Reserves & fees

Reasonable reserves established for capital improvements with more than a single-year life (Article 2(i)4 page 173; By-Laws Sec 3(b))

Leasing & rentals

Unit owners may lease to individuals eligible under Declaration (i.e., no minor children under 16) with prior Association approval, not to be unreasonably withheld; must give notice; Association has option to lease unit itself (Article 11(l) page 178)

Use restrictions

Each unit shall be used as a private residence by unit owner, family, servants, and guests; no other purposes (Article 11(a) page 176)

Voting & meetings

Each unit owner has one vote weighted by percentage of undivided interest in common elements (Article 2(k) page 173; By-Laws Section 4)

Amendments

Amendment of Declaration requires affirmative vote of 75% of unit owners and consent of mortgagees of at least 75% of units subject to mortgage for changes affecting boundaries, interests, expenses, or votes; otherwise by unit owners (Article 18 page 180)

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