Laurel Village Condominium

Key facts from Laurel Village Condominium's documents

Reflects the 1975 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (PAGE 1, Article I: 'submits such land ..)

Legal name

Laurel Village Condominium

Developer / declarant

Shepard's Knoll Associates

Governing law

Unit Ownership Act of the State of Connecticut (Connecticut General Statutes, as amended) (PAGE 1, Article I; PAGE 12, BY-LAWS Arti)

Assessments & dues

Board of Directors adopts annual budget at least 30 days before fiscal year; assessments levied against members based on budget. Budget must include costs for maintenance, insurance, reserves, etc. (BY-LAWS, PAGE 22-23, Article VI Sections)

Special assessments

Board may levy additional assessment if budget insufficient or emergency. (BY-LAWS, PAGE 23, Article VI Section 2: )

Collections & liens

Association has a lien on each Unit and its appurtenant interest in Common Areas for unpaid assessments, interest, and attorney fees. Lien is superior to all other liens except tax liens and first mortgages recorded prior. Foreclosure may b (BY-LAWS, PAGE 25-26, Article VI Sections)

Reserves & fees

Operating reserve: up to 5% of annual assessment, capped at 25% of current annual assessment. Reserve Fund for Replacements: for structural elements and mechanical equipment of Common Areas. (BY-LAWS, PAGE 23-24, Article VI Sections)

Architectural approval

Written consent of Board of Directors required for any structural modifications, removal of permanent interior partitions, and any changes to exterior (including painting, electrical wiring, antenna, etc.) (BY-LAWS, PAGE 33-34, Article XV Sections)

Home business

Impliedly prohibited: 'No owner ... shall permit use of the Unit for ... commercial purposes.' (Declaration, PAGE 6, Article XII(a))

Maintenance

Impliedly Association responsibility as roof is part of Common Areas (not within Unit definition). (Declaration, PAGE 3, Article IV definiti)

Insurance

Casualty insurance on Units and Common Areas at maximum insurable value; public liability and property damage; workmen's compensation; and other coverage as Board determines. (BY-LAWS, PAGE 27-28, Article VII Section)

Use restrictions

Each Unit shall be used for residential purposes by the owner, lessees, immediate families, guests, and invitees. No transient, hotel, or commercial use. (Declaration, PAGE 6, Article XII(a))

Voting & meetings

Unit owners vote in proportion to their undivided percentage interest in Common Areas and Facilities. Owners of a majority of units means owners holding more than 50% undivided interest. (BY-LAWS, PAGE 15, Article II Section 6; )

Amendments

Declaration: Amendment requires affirmative vote of Unit owners owning 75% of undivided interest in Common Areas, plus consent of holders of first mortgages encumbering 51% of such interest. Amendment must be recorded. By-Laws: no specific (Declaration, PAGE 7-8, Article XIV)

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