Mcmathews Condominium

Key facts from Mcmathews Condominium's documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 2.1: 'McMathews Condominium is a)

Legal name

McMathews Condominium

Governing law

Common Interest Ownership Act, Chapter 828 of the Connecticut General Statutes (Section 1.1: 'The Common Interest Owners)

Assessments & dues

Executive Board adopts budget; budget is sent to Unit Owners with meeting 14-30 days later; unless a majority of all Unit Owners reject the budget, it is ratified; if rejected, previous budget continues until new one ratified (Section 18.5)

Special assessments

Non-budgeted assessments exceeding 15% of current annual operating budget must be submitted to Unit Owners for ratification in same manner as budget (Section 18.6)

Collections & liens

Association has statutory lien on a Unit for unpaid assessments and fines; lien is prior to all other encumbrances except certain recorded liens, first/second Security Interests recorded before the assessment became delinquent, and property (Section 18.4)

Reserves & fees

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

Architectural approval

Prior written consent of the Association required for any structural addition, structural alteration, or structural improvement to the Condominium; also may not change the appearance of the Common Elements (Section 13.1(a)(i) and (ii))

Maintenance

Unit Owner maintains, repairs, replaces all portions of his/her Unit at own expense (Section 6.2); Association maintains all Common Elements (Section 6.1); Unit A-1 owner maintains Limited Common Element Well (Section 6.3) (Sections 6.1, 6.2, 6.3)

Insurance

Association shall maintain property insurance on the Common Elements; Association will NOT maintain a master policy insuring against risks of direct physical loss or liability with respect to the Units (Sections 21.2, 21.7)

Use restrictions

Each Unit restricted to residential purposes by the Owner(s), their lessees, immediate families, guests and invitees (Section 10.1(a))

Voting & meetings

One vote per Unit (Section 9.2(b): 'Each Unit in the Common)

Amendments

Declaration may be amended only by vote or agreement of both Unit Owners (Section 14.1); material amendments (e.g., affecting assessments, voting, insurance, etc.) also require approval in writing by at least 51% of Eligible Mortgagees (Sec (Sections 14.1, 17.4)

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