Villa Rosa Terrace Condominium

Key facts from Villa Rosa Terrace Condominium's documents

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

Community type

Condominium

Legal name

10 Villa Rosa Terrace Condominium Association, Inc. (Section 2.2)

Developer / declarant

Rosemary S. Traub and Stephen I. Traub (Section 1.8)

Governing law

Common Interest Ownership Act, Chapter 828 of the Connecticut General Statutes as amended from time to time (Section 1.1)

Assessments & dues

Executive Board adopts proposed budget, provides summary to Unit Owners, sets meeting within 14-30 days after mailing. Unless a majority of all Unit Owners reject it, the budget is ratified. (Section 18.5)

Special assessments

Non-budgeted Common Expense assessment greater than 15% of current annual operating budget requires ratification by Unit Owners in the same manner as a budget. (Section 18.6)

Collections & liens

Association has statutory lien on a Unit for unpaid assessments and fines from the time they become delinquent. Lien is prior to all other encumbrances except (1) encumbrances recorded before Declaration, (2) first or second Security Intere (Section 18.4)

Reserves & fees

Reserves for maintenance, repair, replacement or addition to Common Elements or other property held by the Association are Common Expenses. (Section 18.1(d))

Leasing & rentals

Yes, but not less than sixty (60) days. All leases shall be in writing and subject to the requirements of the Association. Time-sharing prohibited. (Section 9.2)

Architectural approval

Unit Owner may not change appearance of Common Elements or exterior appearance of a Unit without permission of the Executive Board. (Section 12.1(a)(ii))

Maintenance

Association maintains all Common Elements except portions of Limited Common Elements required to be maintained by Unit Owners. Unit Owner maintains his/her Unit except portions to be maintained by Association. (Sections 6.1, 6.2)

Insurance

Property insurance covering project facilities (buildings, fixtures, improvements and betterments, personal property of Unit Owners normally insured under building coverage) for 100% replacement cost. Personal property owned by Association (Sections 21.2, 21.3)

Use restrictions

Each Unit is restricted to residential use as a single-family residence. (Section 9.1(a))

Voting & meetings

Each Unit shall have one equal Vote. Any specified percentage means the percentage of all votes as allocated. (Section 8.2(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.