Type of Common Interest Ommunity and Association

Key facts from Type of Common Interest Ommunity and Association's documents

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

Community type

Condominium

Developer / declarant

MARK PELLETIER D/B/A M & PB

Governing law

Common Interest Ownership Act (Public Act 83-474) of the Connecticut General Statutes (Article I and Section 2.1)

Assessments & dues

$7,495.00 total proposed budget; $35.00 per unit per month (Exhibit A-2)

Special assessments

Special assessment greater than 15% of current annual operating budget requires ratification by Unit Owners in the same manner as a budget. (Section 19.5)

Collections & liens

Association has a statutory lien for unpaid assessments. Lien is prior to all other liens and encumbrances except: (1) liens recorded before Declaration; (2) first or second security interests recorded before delinquency; (3) real property (Section 19.3)

Reserves & fees

Reasonable reserves for repair, replacement, and addition to Common Elements are included in Common Expenses. (Section 2.6(iv))

Leasing & rentals

A Unit may not be leased for a term of less than 30 days. (Section 10.2)

Architectural approval

Prior written consent of the Board of Directors required for any structural addition, alteration, or improvement. (Section 13.1(a))

Home business

Home professional pursuits not requiring regular visits from the public or unreasonable levels of mail, shipping, trash, or storage are allowed. No sign indicating commercial uses may be displayed outside a Unit. (Section 10.1)

Maintenance

Unit Owner responsible for maintenance, repair, and replacement of Limited Common Elements allocated to that Unit; expense of such is assessed against the Unit(s) served. Association responsible for damage to Units caused by its failure to (Sections 6.2, 6.3)

Insurance

Property insurance on Common Elements against all risks of direct physical loss; minimum amount not less than 90% of replacement cost or higher of 80% of actual cash value or sufficient to avoid co-insurance. Liability insurance minimum $1, (Sections 22.2, 22.3)

Use restrictions

Each Unit restricted to residential use as a single family residence. (Section 10.1)

Voting & meetings

Each Unit has one vote; allocated interests include votes as shown on Exhibit A-2 (Section 9.2(c) and Exhibit A-2)

Amendments

Declaration may be amended by vote or agreement of Unit Owners holding at least 67% of Votes. Unanimous consent required for amendments that create or increase Special Declarant Rights, increase number of Units, change boundaries, Allocated (Sections 15.1, 15.4, Article XVI (for By)

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