Sullivan Street Condominium

Key facts from Sullivan Street Condominium's documents

Community type

Condominium (Section 1.1: 'establishing SULLIVAN STRE)

Legal name

SULLIVAN STREET CONDOMINIUM ASSOCIATION, INC.

Developer / declarant

TEDESCO REAL ESTATE, a Connecticut General Partnership (Article 1; Definitions 2.1(N); signature)

Governing law

Chapter 825 of the Connecticut General Statutes (Condominium Act of 1976) (Article 1 Section 1.1; Definitions 2.1(J)

Assessments & dues

Board determines Common Expenses, prepares budget, and assesses Common Charges proportionally to percentage interests shown on Exhibit C (Bylaws Section 5.1)

Special assessments

Special Charges assessed against specific units for Special Expenses (e.g., negligence, special services, collection costs, gas/electric costs for common utilities) (Bylaws Section 5.4, 5.5; Declaration Art)

Collections & liens

Unpaid Common Charges constitute a continuing lien on the unit; may be foreclosed; unit owner required to pay reasonable rent; Board may purchase unit at foreclosure sale (Bylaws Section 5.10; Declaration Article)

Reserves & fees

Reasonable reserves for repair, replacement of Common Elements included in Common Expenses (Declaration Section 2.1(G)(4); Bylaws Se)

Leasing & rentals

Leasing allowed but restricted: no unit may be rented more than once in any twelve-month period; no transient, hotel, or commercial purposes; any lease for less than one year is deemed transient/hotel (Bylaws Section 6.3(e), (f))

Use restrictions

Units shall be used for residences only (Bylaws Section 6.3(a))

Voting & meetings

Each Unit Owner has vote equal to percentage interest in Common Elements; total 100 votes; proxy allowed, terminates after 11 months unless specified; joint owners must vote unanimously (Bylaws Section 3.6(c), (a), (f), (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.