Fawn Terrace Condominium

Key facts from Fawn Terrace Condominium's documents

Reflects the 1987 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Common Interest Community) (Article I, Section 1.7; Article II, Sect)

Legal name

Fawn Terrace Condominium

Units / lots

22 (currently) with maximum of 94 units (Article IV, Section 4.1)

Governing law

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

Assessments & dues

Executive Board adopts budget; summary provided to Unit Owners within 30 days; meeting held 14-30 days after mailing for ratification. Unless majority of all Unit Owners reject, budget is ratified. If rejected, prior budget continues until (Article XIX, Section 19.5)

Special assessments

Non-budgeted assessments greater than 15% of current annual operating budget must be submitted to Unit Owners for ratification in same manner as budget (Section 19.6). Certain assessments under Section 19.3 (e.g., attributable to specific u (Article XIX, Section 19.6)

Collections & liens

Association has statutory lien for unpaid assessments. Lien is prior to all other liens except: (1) liens/encumbrances recorded before the Declaration; (2) first or second security interests recorded before the assessment became delinquent, (Article XIX, Section 19.4)

Reserves & fees

Association may establish reserves for repair, replacement, or addition to Common Elements or other property (Section 19.1(d)). Fidelity bond must cover at least three months' assessments plus reserve funds (Section 22.4). (Article XIX, Section 19.1(d) and Article)

Leasing & rentals

A Unit may be leased or rented, but not for a term of less than 90 days. All leases and rental agreements shall be in writing and subject to the Documents and the Association. (Article X, Section 10.2)

Architectural approval

Unit Owner may not change appearance of Common Elements, exterior appearance of a Unit, or any other portion of the Common Interest Community without permission of Executive Board. (Article XIII, Section 13.1(a)(2))

Home business

Home professional practice permitted if no regular visits from the public or high levels of mail, shipping, trash, or storage. (Article X, Section 10.1(a))

Signs & flags

Declarant reserves right to post signs and displays in Common Elements for sales of Units (Section 8.7). No rule for Unit owner signs in this document. (Article VIII, Section 8.7)

Use restrictions

Each Unit is restricted to residential use as a single-family residence including home professional practice not requiring regular visits from the public or high levels of mail, shipping, trash, or storage. Commercial uses outside a Unit ma (Article X, Section 10.1(a))

Voting & meetings

Each Unit has one equal vote. Specified percentage, portion, or fraction of Unit Owner votes means that percentage of all votes allocated in Schedule A-2. (Article IX, Section 9.2(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.