Ashley Court Condominium, Inc.

Key facts from Ashley Court Condominium, Inc.'s documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article II - The Common Interest Communi)

Legal name

Ashley Court Condominium, Inc. (Section 1.3 - Association)

Governing law

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

Assessments & dues

Budget proposed by Executive Board, summarized to unit owners, meeting called for ratification; rejected budget continues prior budget. (Section 19.4 - Budget Adoption and Ratif)

Special assessments

Allowed; if over 15% of current annual budget, requires ratification by unit owners in same manner as budget. (Section 19.5)

Collections & liens

Association has statutory lien on unit for unpaid assessments and fines; lien is prior to all other liens except prior recorded encumbrances, first/second mortgage recorded before delinquency, and tax liens. Lien may be foreclosed like a mo (Section 19.3 - Lien)

Reserves & fees

Not explicitly mentioned; but insurance includes replacement cost; reserves may be part of budget. (Not specified)

Leasing & rentals

Yes, a Unit may be leased. (Section 10.2(b) - A Unit may be leased; )

Parking & vehicles

Not specifically restricted, but use restrictions may limit commercial activity. (Not explicitly; implied by residential u)

Architectural approval

Yes, prior written consent of Executive Board required for structural additions, alterations, improvements, staining, painting, changing color/appearance of any Unit, or constructing improvements/changing appearance of Limited Common Elemen (Section 13.1(a))

Home business

Permitted for home professional pursuits not requiring regular visits by the public or unreasonable levels of mail, shipping, trash or storage requirements. (Section 10.1(a) - except to extent permi)

Signs & flags

No signs indicating commercial uses may be displayed outside a Unit. (Section 10.1(a) - No signs indicating co)

Maintenance

Not explicitly stated; roofs are part of Common Elements (walls, floors, windows, exterior doors, ceilings boundaries; all other portions of walls, floors, ceilings are Common Elements). So roof is Common Element, maintained by Association. (Section 4.3(a) - boundaries defined; all)

Insurance

Deductible may not exceed lesser of $10,000 (adjusted from May 2017 per Act) or 1% of replacement cost. (Section 22.2(c) - Deductibles.)

Use restrictions

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

Voting & meetings

One equal vote per unit (Article IX - Allocated Interests: Each U)

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