Waterville Manor Condominium

Key facts from Waterville Manor Condominium's documents

Reflects the 1987 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Waterville Manor Condominium Association, Inc. (Article II, Section 2.2)

Developer / declarant

Ciarlo Construction, Inc. (Preamble)

Governing law

Common Interest Ownership [Chapter 828] of the Connecticut General Statutes (Article I, Section 1.1)

Assessments & dues

Annual budget adopted by Executive Board and ratified by Unit Owners at a meeting; if rejected, prior budget continues until new budget ratified (Article XIX, Section 19.5)

Special assessments

Non-budgeted Common Expense assessment greater than 15% of current annual operating budget requires ratification by Unit Owners (Article XIX, Section 19.6)

Collections & liens

Association has a statutory lien on each Unit for unpaid assessments; lien may be foreclosed like a mortgage (Article XIX, Section 19.4)

Reserves & fees

Common Expenses include reserves held in trust by Association for repair, replacement or addition to Common Elements (Article XIX, Section 19.1(d))

Leasing & rentals

Yes, but subject to written lease/rental agreement and requirements of Documents and Association (Article X, Section 10.2)

Architectural approval

Yes, for changes to appearance of Common Elements or exterior appearance of a Unit, and for additions, alterations or improvements to Common Elements by Executive Board (Article XIII, Section 13.1(a)(2) and Sec)

Home business

Permitted home professional pursuits not requiring regular public visits, unreasonable shipping, trash or storage; no sign indicating commercial or professional uses outside a Unit (Article X, Section 10.1(a))

Insurance

Property insurance covering all buildings and improvements at 100% replacement cost; personal property owned by Association at actual cash value; liability insurance with minimum $1,000,000 coverage (Article XXII, Sections 22.2, 22.3)

Use restrictions

Units restricted to residential use as a single-family residence (Article X, Section 10.1(a))

Voting & meetings

Each Unit has one equal vote (Article IX, Section 9.2(c))

Amendments

Declaration may be amended by vote of Unit Owners with at least 67% of votes in Association; certain changes require unanimous consent; Bylaws amended by 2/3 vote of Executive Board following Notice and Comment (Article XV, Section 15.1; Article XVI)

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