Half Moon Condominium

Key facts from Half Moon Condominium's documents

Community type

Condominium

Legal name

Half Moon Condominium

Governing law

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

Assessments & dues

Executive Board adopts proposed budget, provides summary to Unit Owners, and calls meeting for ratification; if not ratified, prior budget continues (Section 18.5)

Special assessments

Any Common Expense not in current budget and exceeding 15% of current annual budget requires Executive Board vote and submission to Unit Owners for ratification (Section 18.6)

Collections & liens

Association has statutory lien on a Unit for unpaid assessments; lien is prior to all other liens except pre-recorded liens, first or second security interests recorded before assessment became delinquent, and tax liens; six months of asses (Section 18.4)

Reserves & fees

Association may establish reserves for repair, replacement or addition to Common Elements (Section 18.1(d))

Leasing & rentals

Yes, subject to the requirements of the Documents and the Association (Section 9.2)

Architectural approval

Yes, for additions, alterations or improvements to Common Elements by Unit Owners (Section 12.1)

Home business

Professional pursuits not requiring regular visits from the public or levels of mail, shipping, trash or storage are permitted (Section 9.1(a))

Insurance

Maximum deductible $10,000 or 1% of replacement cost of project facilities, whichever is greater (Section 21.2(b))

Use restrictions

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

Voting & meetings

Each Unit has one equal vote (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.