Judith Ridge Condominium

Key facts from Judith Ridge Condominium's documents

Reflects the 1988 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Public Offering Statement (POS) page 1: )

Legal name

JUDITH RIDGE CONDOMINIUM

Governing law

Common Interest Ownership Act of Connecticut General Statutes, as amended (Declaration Art.1.1: "The Common Interes)

Assessments & dues

Budget for one year: Snow Removal $360, Lawn Maintenance $2,000, Management Fees $1,600, Insurance? $2,000, Utilities? $2,400, Miscellaneous $460, Total $8,760. (First Amendment, [[PAGE 1]] Budget table)

Special assessments

Allowed, subject to ratification if over 15% of annual budget. (Declaration Art.19.6)

Collections & liens

Association has statutory lien on unit for unpaid assessments; prior to all except first mortgages recorded before delinquency and property taxes. Foreclosure like mortgage; court may appoint receiver; after foreclosure sale, purchaser not (Declaration Art.19.4 (a)-(i))

Reserves & fees

May impose charges or interest for late payment of assessments. (Declaration Art.25.2(j): "Impose charges)

Leasing & rentals

Yes, but subject to restrictions. (Declaration Art.10.2; POS Section 14(f).)

Architectural approval

Yes, for alterations affecting appearance of Common Elements or exterior of Unit, or removal of partitions between adjoining units. (Declaration Art.13.1(a)(ii) and (iv))

Home business

Prohibited; single-family residence defined as non-commercial basis. (Declaration Art.10.1(a): "operating on a)

Signs & flags

Declarant reserves right to post signs to promote sales; no provision for unit owners. (Declaration Art.8.7: "The Declarant rese)

Maintenance

Association maintains Common Elements (Art.6.1). Unit owner maintains his/her Unit (Art.6.2). Limited Common Elements: owner responsible for snow removal and maintenance of those described in Art.V(g) (Art.6.3). (Declaration Art.6.1, 6.2, 6.3)

Insurance

Property insurance on project facilities (buildings, fixtures, etc.) for 80% replacement cost. Liability insurance minimum $300,000. (Declaration Art.22.1 and Art.22.3: "proj)

Use restrictions

Yes, each Unit restricted to single-family residence as defined. (Declaration Art.10.1(a); POS Section 14()

Voting & meetings

Each Unit has one equal vote. (Declaration Art.9.2(c): "Each Unit... sh)

Amendments

Declaration amendment requires 67% vote of unit owners, except certain matters require unanimous consent or mortgagee approval. By-laws amendment requires 2/3 vote of Executive Board after Notice and Comment. (Declaration Art.15.1 (67% vote); Art.16 )

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