Charter Oak Condominium

Key facts from Charter Oak Condominium's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1.7 - Common Interest Community )

Legal name

The Charter Oak Condominium Association (Section 2.2)

Governing law

Connecticut Common Interest Ownership Act (C.G.S. §47-200 et seq.) as amended by Connecticut Public Act No. 95-187 (Preamble; Section 1.1)

Collections & liens

Statutory lien for unpaid assessments; lien prior to other liens except earlier recorded security interests, property taxes; foreclosure like mortgage; includes costs and attorneys' fees (Section 19.3)

Reserves & fees

Reasonable reserves for maintenance, repair, replacement of Common Elements (Section 1.6(d))

Leasing & rentals

Yes (Section 10.2(b))

Architectural approval

Prior written approval of Executive Board required for any structural alteration, improvement, change in color or appearance of exterior of Unit, Limited Common Elements, or Common Elements (Section 13.1(a))

Home business

Permitted to extent allowed by law for home professional pursuits, but must not require regular visits from the public or unreasonable shipping, trash, or storage requirements (Section 10.1(a))

Insurance

Deductible may not exceed the lesser of $10,000 (adjusted from January 1, 2000 per C.G.S. §47-213) or 1% of replacement cost of project facilities (Section 22.2(c))

Use restrictions

Each Unit restricted to residential use as a single family (non-profit, non-commercial basis) (Section 10.1(a))

Voting & meetings

Each Unit has one vote (Section 1.31; Section 9.2(a))

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