Todd Estates Condominium

Key facts from Todd Estates Condominium's documents

Reflects the 1986 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 3.1, page 8)

Legal name

Todd Estates Condominium

Governing law

Connecticut Common Interest Ownership Act, Chapter 828, Section 47-260 to 47-293 (Article I, page 6)

Assessments & dues

Total monthly assessment $434.00; per unit $62.00 per month (Exhibit A-6, page 40)

Special assessments

Special assessment greater than 15% of current annual operating budget requires ratification by Unit Owners in same manner as budget (Section 19.5, page 25)

Collections & liens

Statutory lien for assessments; prior to all other liens except tax liens, first security interests recorded prior to delinquency, and second security interests recorded prior to delinquency; can be foreclosed (Section 19.3, pages 22-24)

Reserves & fees

Repair and Replacement Reserve $350.00 annually (Exhibit A-6, page 40)

Leasing & rentals

A Unit may not be leased for a term less than 60 days (Section 10.2, page 14-15)

Architectural approval

No structural addition, alteration, or improvement without prior written consent of Executive Board (Section 13.1(a), page 15-16)

Home business

Home professional pursuits allowed if not requiring regular visits from clients or customers and not generating unreasonable mail, traffic, or parking (Section 10.1(a), page 14)

Signs & flags

No sign indicating name, address or business of a Unit Owner displayed outside a Unit (Section 10.1(a), page 14)

Maintenance

Common Expenses for limited common elements assessed to unit(s) assigned; other common elements assessed per Common Expense liability (Section 6.2, page 11)

Insurance

Property insurance on Common Elements including units (but not improvements installed by unit owners) against all risks, minimum 100% replacement value (Section 22.2, page 26-27)

Use restrictions

Each Unit restricted to residential use as a single family residence (Section 10.1(a), page 14)

Voting & meetings

Each Unit has one equal vote (Section 9.2(c), page 14)

Amendments

Amendment by vote or agreement of 67% of Unit Owners to which at least 67% of votes are allocated, except unanimous consent required for certain matters (Section 15.1 and 15.4, pages 16-17)

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