Oak Tree Condominium

Key facts from Oak Tree Condominium's documents

Reflects the 1986 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article III, Section 3.1: 'The Common In)

Legal name

OAK TREE CONDOMINIUM

Developer / declarant

K B DEVELOPMENT CORPORATION

Governing law

Connecticut Common Interest Ownership Act (Public Acts 83-474 as amended by Public Act 84-472) (Section 2.1: 'The Common Interest Owners)

Assessments & dues

Executive Board proposes budget, provides summary to all unit owners, sets a meeting for ratification. Unless a majority of all unit owners reject the budget at that meeting, it is ratified. (Section 20.5: 'Within 30 days after adop)

Special assessments

Common expenses not included in current budget and greater than 15% of the annual operating budget must be submitted to unit owners for ratification as a budget under Section 20.5. (Section 20.6: '...the Executive Board ma)

Reserves & fees

Executive Board may impose charges or interest for late payment of assessments after Notice and Hearing. (Section 26.2(m): 'Impose charges or Inte)

Leasing & rentals

30 days (Section 11.2: 'A Unit may not be leased )

Parking & vehicles

Trucks, commercial vehicles or vans over three quarter tons are prohibited from parking spaces. (Section 11.1(b): '... trucks, commercial)

Architectural approval

Unit owner may not change the appearance of the Common Elements or the exterior appearance of the unit or any other portion of the Common Interest Community without permission of the Association. (Section 14.1(a)(ii): 'May not change the)

Home business

Home professional use permitted if it does not require regular visits from the public or unreasonable mail, shipping, trash or storage requirements. (Section 11.1(a): 'which use includes hom)

Use restrictions

Each unit restricted to residential use as a single family residence. (Section 11.1(a): 'Each Unit is restricte)

Voting & meetings

Each unit has one equal vote. Percentage of votes is as allocated in Exhibit A-2. (Section 10(c): 'Each Unit Owner in the C)

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