28 Calvert Drive Condominium

Key facts from 28 Calvert Drive Condominium's documents

Reflects the 1998 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

28 Calvert Drive Condominium

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration §1)

Assessments & dues

Board prepares budget at least annually, allocates common expenses according to percentage interests; initial budget set by Declarant (By-Laws Article VI §1)

Special assessments

Board may impose special common charge for expenses not in budget (By-Laws Article VI §1)

Collections & liens

Board may foreclose lien on unit for unpaid common expenses; lien subordinate to first mortgage; also can sue for money judgment without foreclosing (By-Laws Article VI §§6,7)

Reserves & fees

Board may include amounts for general operating reserve and reserve for replacement in budget (By-Laws Article VI §1)

Leasing & rentals

Yes, with right of first refusal by Board of Managers (By-Laws Article VIII §1)

Fences

No fence, wall, or other structure shall be erected without prior written approval of Grantor (Declaration Restrictive Covenants §17)

Architectural approval

Prior written approval required for any addition, alteration or improvement affecting common elements or limited common elements (By-Laws Article VI §14; Declaration Rest)

Solar & roof

No alteration of exterior physical condition including changing color of buildings without approval (Declaration Restrictive Covenants §17)

Home business

home office permitted (Declaration Restrictive Covenants §1)

Maintenance

Roofs are common elements – Board responsible (Declaration §6(b))

Insurance

Fire insurance with extended coverage on common elements and units (including fixtures, kitchen cabinets, carpeting) for 100% insurable value; also workers compensation and public liability insurance (By-Laws Article VI §2)

Use restrictions

Residential and home office purposes only (Declaration Restrictive Covenants §1; By)

Voting & meetings

Each Unit Owner casts one vote per .001% of common interest; fiduciary votes; proxy allowed; majority of interests present constitutes quorum; majority vote binding unless higher required (By-Laws Article III §§8, 10, 11)

Amendments

Declaration may be amended by vote of at least 66-2/3% in number and common interest of unit owners, plus approval of mortgagees holding first liens on 5 or more units (Declaration §17)

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