Ate of Connecticut. It Is the Association

Key facts from Ate of Connecticut. It Is the Association's documents

Reflects the 1998 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Victoria Court, Inc.

Units / lots

18 initially; maximum 110 under development rights (Article III: "community presently contai)

Governing law

Connecticut Common Interest Ownership Act (Section 47-243 et seq.) (Section 1.2 (reference to Act), Section )

Assessments & dues

Executive Board proposes budget; summary given to Unit Owners; meeting held 14-30 days after mailing; unless majority of all Unit Owners reject, budget is ratified (Section 19.5: "the Executive Board shall)

Special assessments

Permitted; if >15% of operating budget, requires Unit Owner ratification; also assessments to pay judgments (Section 19.1(c): "Assessments to pay a j)

Collections & liens

Association has a statutory lien on each Unit for unpaid assessments; lien is prior to all other liens except pre-recorded liens, first/second security interests recorded before delinquency, and tax liens; may be foreclosed like a mortgage (Section 19.4(a)-(g): "The Association ha)

Reserves & fees

Required: adequate reserve fund for maintenance, repairs, and replacement of common elements; to be funded by monthly payments (FNMA provisions (page 44): "Condominium )

Leasing & rentals

Yes, but minimum lease term of one year; rental agreements must be in writing and comply with Documents (Section 10.1(e): "A Unit may not be rent)

Parking & vehicles

Prohibited in garages and parking spaces (trucks, commercial vehicles, campers) (Section 10.1(b))

Architectural approval

Any change to exterior appearance of Common Elements or exterior of any Unit requires Executive Board approval (Section 13.1(a)(ii): "May not change the)

Maintenance

Unit Owner: maintain interior of Unit and limited common elements (patios/balconies). Association: all Common Elements and other Limited Common Elements not specifically assigned. (Section 6.1, 6.2, 6.3)

Insurance

Not required by Declaration; but Unit Owners may obtain their own insurance (Section 22.6) (Section 22.6: "The issuance of a blanket)

Use restrictions

Each Unit restricted to residential use as a single-family residence; home professional pursuits allowed if no regular public visits, no excessive mail/shipping/trash/storage (Section 10.1(a): "Each Unit is restricte)

Voting & meetings

Allocated interests; each unit has votes based on square footage / common expense liability (Section 9.1(b): "Votes. Each unit owner.)

Amendments

Except for Declarant rights and certain sections, amendments require Unit Owner vote; Bylaws amended by 2/3 vote; material amendments require consent of at least 67% of Unit Owners and at least 51% of Eligible Mortgagees (or higher as speci (Section 15.1 (general amendment); Sectio)

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