11 Taft Lane Condominium

Key facts from 11 Taft Lane Condominium's documents

Reflects the 1999 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Page 1, Name of Condominium: 11 TAFT LAN)

Legal name

11 TAFT LANE CONDOMINIUM

Units / lots

1 (single parcel) (Description as one parcel, Schedule A)

Governing law

Real Property Law Article 9-B of the State of New York (Page 6, Paragraph 21: 'This Declaration )

Assessments & dues

Board determines common expenses each year, prepares budget, and assesses each unit its proportionate share based on percentage of common elements. (By-laws Article VI Section 1: 'The Board)

Special assessments

Not directly mentioned, but Board may determine expenses and collect accordingly (Implied by budget power)

Collections & liens

Non-defaulting unit owner (Board of Managers) can foreclose on lien for common charges in same manner as mortgage lien, including appointment of a Receiver. (By-laws Article VI Section 7)

Architectural approval

Yes, for additions/alterations/improvements affecting common elements; permission from Board required, with reasonable requirements to protect common elements. (By-laws Article VI Section 13: 'No unit )

Use restrictions

Each unit shall only be used for single family residential purposes. (Paragraph 9: 'Each of the units shall on)

Voting & meetings

Each unit one vote for common elements interest; consent of all five unit owners required for certain actions (e.g., Board power to acquire unit requires consent of both unit owners); majority vote = five unit owners (unanimous) (By-laws Article III Section 8: 'Each uni)

Amendments

Declaration: amendment requires consent of all unit owners, duly signed, acknowledged, recorded in County Clerk's Office. By-laws: amendment procedure not stated, but waiver/modification requires formal amendment (Article X, Section 2). (Declaration Paragraph 18; By-laws Articl)

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