Connecticut General Statutes 47-88e – Reserves for capital expenditures
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Any declarant of a conversion condominium shall provide in the proposed budget for the condominium adequate reserves for capital expenditures.
Terms Used In Connecticut General Statutes 47-88e
- Condominium: means real property and any incidents thereto and interests therein, lawfully submitted to this chapter by the recordation of condominium instruments pursuant to the provisions of this chapter. See Connecticut General Statutes 47-68a
- Declarant: means the person or persons who execute the declaration or on whose behalf the declaration is executed. See Connecticut General Statutes 47-68a