R.A. from Fairfield County, Connecticut writes: Dear Mister Condo, I have been told that there is a CT State legal requirement for a Fairfield County PUD or Condo Association to provide a minimum contribution to the reserve of at least 10% of its operating budget. Is this true? If so, can you tell me where to find/cite…
Tag: Planned Unit Development
What is the difference between a UOA and a HOA?
J.Z. from Hartford County, Connecticut writes: Dear Mister Condo, What is the difference between a UOA and a HOA? Mister Condo replies: J.Z., a rose by any other name would smell as sweet! There are plenty of acronyms to describe Common Interest Realty Associations (CIRAs – Hey there’s another one!) but, at the end of…
PUD Owner Denied Solar Power Access
B.N. from Hartford County writes: Dear Mister Condo, I live in a Planned Unit Development (PUD). We have electric heat which is very expensive. Solar panels were brought up to the board members months back. They said that they would check into it. We never heard anything back. Nothing in writing. So I place a…
Planned Unit Development Delinquency Rate Effect on Mortgage
B.T. from outside of Connecticut writes: Dear Mister Condo, My clients live in an attached Planned Unit Development (PUD) complex; they are refinancing their home using and FHA-backed mortgage. There are only 9 units in the complex. Does the 15% delinquency rate apply? 2 of the units are late making the rate 22%. Mister Condo…