11 Youmans Drive Condominium

Key facts from 11 Youmans Drive Condominium's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Declaration)

Legal name

11 Youmans Drive Condominium

Governing law

Article 9-B of the Real Property Law of the State of New York (Pursuant to Article 9-B of the Real Prop)

Assessments & dues

Board determines annual budget and levies monthly assessments pro rata according to common interests (By-laws Article VI Section 2; Declaratio)

Special assessments

Allowed by Board; for common elements costing over $5,000 requires majority of Home Owners (excluding Sponsor); Sponsor consent needed for reserve assessments for first 5 years or 5% interest (By-laws Article III Section 5 items 12, )

Collections & liens

Unpaid common charges are a lien prior to all other liens except tax liens and first mortgages; Board may foreclose (Declaration Article TWELFTH; By-laws Art)

Reserves & fees

Board may not assess for reserve without Sponsor consent until 5 years or 5% common interest, whichever first (By-laws Article III Section 5 item 17)

Pets

Pets are allowed but subject to nuisance rules (By-laws Article VIII Section 2 mentions )

Leasing & rentals

Yes, but only if all common charges paid and lease instrument includes grant of common interest (By-laws Article XI Section 1)

Parking & vehicles

Commercial license plate vehicles may not be parked more than 24 hours (By-laws Article VIII Section 6(e))

Use restrictions

Homes shall be used for residential purposes only (By-laws Article VIII Section 2)

Voting & meetings

Each Home Owner has one vote for each percentage of common interest (Declaration) or one vote per Home (By-laws) (Declaration Article EIGHTH; By-laws Arti)

Amendments

Requires 80% of Home Owners in number and in common interest, plus mortgagees if any, recorded in County Clerk (TENTH: Amendments and Withdrawal)

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