Capitol Condominium

Key facts from Capitol Condominium's documents

Reflects the 1982 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

The Capitol Condominium Association (Article 15, Book 543 Page 74)

Units / lots

10 (maximum of ten units may be created but not required) (Article 5, Book 543 Page 67; Exhibit B, )

Developer / declarant

MOLYNCAR ASSOCIATES

Governing law

Rhode Island Condominium Ownership Act Title 34, Chapter 36.1 (Article 1, Book 543 Page 66)

Reserves & fees

Executive Board may set aside common funds as reserve or contingent funds for reduction of indebtedness, repair, rebuilding, restoration, or improvements (By-Laws Article V, Section 1(A), Book 54)

Home business

Units are intended for professional purposes; no other business without Executive Board approval; Declarant may use for sales/leasing temporarily (Article 11(A) and (D), Article 12(a), Bo)

Voting & meetings

Owner(s) of each Unit vote in proportion to percentage of undivided interest in common areas as specified in Declaration; votes are per Unit, not divided among co-owners; proxies allowed (By-Laws Article IV, Section 5, Book 543 )

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