O45 Declaration for Hillcrest Condominium

Key facts from O45 Declaration for Hillcrest Condominium's documents

Reflects the 1983 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Article II: 'The Condominium created by )

Legal name

Hillcrest Condominium

Developer / declarant

Long Acre Associates II

Governing law

Chapter 825 of the Connecticut General Statutes, as amended (the Condominium Act) (Article I: 'submits the land ... to the )

Assessments & dues

Board of Directors adopts annual budget for Common Expenses; each unit is assessed Common Charges based on the percentage of undivided interest in the Common Elements appurtenant to that unit (Bylaws Article V §1)

Special assessments

Board of Directors has the right to levy additional or special assessments if the budget is insufficient or to meet emergencies (Bylaws Article V §2)

Collections & liens

Association has a statutory lien upon each Unit and its appurtenant undivided interest in the Common Elements for unpaid Common Charges and assessments, including interest, costs, and attorney's fees; lien is prior except for tax liens and (Bylaws Article V §5)

Reserves & fees

Budget includes a sum for a Reserve Fund for Replacements to maintain reserves for emergencies and periodic maintenance; also an Operating reserve for financial stability (Bylaws Article V §1(b))

Leasing & rentals

Yes, but minimum lease term of 30 days; no hotel or commercial use (Article XIII §1)

Use restrictions

Each Unit shall be used and occupied only for residential purposes by the owner or owners, their immediate families, guests and tenants; no hotel or commercial use; no rentals for periods shorter than thirty (30) days (Article XIII §1)

Voting & meetings

Each membership has a vote equal to the percentage interest in the Common Elements appurtenant to the Unit (Bylaws Article II §2)

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