Vernon Hospitality Condominium

Key facts from Vernon Hospitality Condominium's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Vernon Hospitality Condominium

Developer / declarant

SBP1, LLC (New Jersey Limited Liability Company, address: 5701 Boulevard East #23G, West New York, NJ 07093) and SHANKARUUMA, INC. (Virginia corporation, address: 339 Penns Way, Basking Ridge, NJ 07093) (Art. I §1.8 and Page 5 text)

Governing law

Connecticut Common Interest Ownership Act (CGS Sec. 47-202 et seq.) (Art. I §1.1)

Assessments & dues

Set by budget adopted annually (no fixed amount). (Art. XIX §19.5)

Special assessments

Common expenses attributable to fewer than all units may be assessed against those units (§19.3). Non-budgeted common expenses may be ratified after adoption (§19.6). No specific term 'special assessment'. (Art. XIX §19.3, §19.6)

Reserves & fees

Association may establish reserves for repair, replacement or addition to Common Elements (§19.1(d)). (Art. XIX §19.1(d))

Architectural approval

Unit Owner may make interior improvements that do not impair structural integrity or mechanical systems. For changes to appearance of Common Elements or exterior, written request to Executive Board required; Board must respond within 60 day (Art. XIII §13.1(a)-(b))

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