Intervale at Stratton Condominium Owners Association

Key facts from Intervale at Stratton Condominium Owners Association's documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Condominium Owners Association (COA))

Legal name

Intervale Condominium Owners' Association, Inc

Units / lots

90 (16 in Phase I, 23 in Phase II, 22 in Phase III, 29 in Phase IV) (Article I: providing for 16 Units in Pha)

Governing law

Vermont Uniform Common Interest Ownership Act, 27 V.S.A. §§ 101 et seq. (Article I Definitions: "Act" shall mean )

Assessments & dues

Not a fixed dollar amount; determined annually by Board budget per unit (Article VI Section 3: The Assessment wil)

Special assessments

Requires affirmative vote of not less than 67% of all Members (Article VI Section 3B: Special Assessmen)

Collections & liens

Assessments are a lien on the unit; can be foreclosed like a mortgage. Also legal fees can be a lien. (Article VI Section 1: The Assessments an)

Reserves & fees

Permissive; Board may include amount for reserve fund in budget (Article VI Section 2A(8): Any amount nec)

Home business

Not explicitly prohibited but must be consistent with residential use; likely not allowed without permission (Rule #1 implies only housing and recreat)

Use restrictions

Yes; no part of Property shall be used for other than housing and common recreational purposes (Rule and Regulations #1: No part of the )

Voting & meetings

Each Member owning a Unit designated as an A Type Unit: 1.091% voting interest; B Type Unit: 1.274%. Only one vote per unit. Joint owners determine vote. (Article IV Section 1: Each Member owning)

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