Land Use & Zoning
Under Connecticut's Common Interest Community Act, when a developer creates a new condominium development, they must provide potential buyers with:
AOnly the purchase price and floor plans
BA public offering statement (disclosure package) including the declaration, bylaws, budget, and material information about the project✓ Correct
COnly the unit deed and certificate of occupancy
DA DEEP environmental clearance
Explanation
Connecticut's Common Interest Ownership Act (CIOA, CGS § 47-200 et seq.) requires developers of new condominium projects to provide buyers with a public offering statement including the condominium documents, projected budget, current litigation, and other material disclosures before the purchase can be binding.
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