Connecticut · Gen. Stat. §47-270Connecticut condo and HOA resale certificate: contents, deadlines and the buyer's right to void

When a unit in a Connecticut common interest community is resold, the unit owner must furnish to the purchaser or the purchaser's attorney – before the earlier of conveyance or transfer of possession – the declaration (other than surveys and plans), the bylaws, the rules and a certificate covering, among other things, any right of first refusal, the periodic common charge and any unpaid assessments, other fees, capital expenditures over $1,000 approved for this and next fiscal year, reserves, the operating budget, judgments and lawsuits, insurance, leasing and occupancy restrictions, the number of units 60 days delinquent, association foreclosures in the past 12 months, and the most recent CPA report on its financial statements (Conn. Gen. Stat. §47-270(a)). The association must furnish the certificate within 10 business days after a request in a record and payment of a fee of $185 – adjusted with the Consumer Price Index under §47-213 – plus copy charges, with up to $10 more for delivery within three business days; the fee can't include attorney or paralegal costs (§47-270(b)). The buyer isn't liable for unpaid assessments greater than the certificate shows, and the purchase contract is voidable by the buyer until 5 business days after the certificate and documents are delivered – 7 if sent by registered, certified or certificate-of-mailing mail – or until conveyance, whichever comes first (§47-270(c)). The seller isn't liable for the association's errors or delays. Each January the association files with the town clerk the name and address of the person to request a certificate from (§47-270(e)).