6 Bush Lane Condominium

Key facts from 6 Bush Lane Condominium's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

6 Bush Lane Condominium

Governing law

Article 9-B of the Real Property Law of the State of New York (Page 1: 'Pursuant to Article 9-B of the )

Assessments & dues

Board determines Common Charges and Special Assessments in accordance with By-Laws. (Article 6 of By-Laws, Section 6.1: 'dete)

Special assessments

Yes, allowed for capital improvements, etc. (Section 2.3(B): 'impose any Common Charg)

Reserves & fees

Twelve-month reserve for contingencies not exceeding 5% of budgeted operating expenses; also reserves for working capital and replacement of Common Elements. (Section 2.3(B)(iv): 'establish any reser)

Leasing & rentals

Yes, subject to restrictions; units may be leased to individuals, corporations, etc. (Article 8(b)(i): 'Any of the Units...may)

Architectural approval

Alterations, additions, improvements or repairs to Units or Limited Common Elements require prior written approval of Condominium Board. (Section 5.3(A): 'no Unit Owner shall mak)

Home business

Allowed upon consent of Condominium Board, provided compliance with law and certificate of occupancy. (Article 8(a)(ii): 'Upon the consent of t)

Maintenance

Unit Owners maintain interior of Units and Limited Common Elements (non-structural ordinary). Board maintains General Common Elements. (Section 5.1(A) and (B): detailed mainten)

Insurance

Property insurance on the Building and Common Elements including all Unit Facilities, with standard mortgage clause. (Section 5.4(A): 'obtain and maintain pro)

Use restrictions

Each Unit used only as a residence, except sponsor and with consent for business office. (Article 8(a): 'Except as set forth in th)

Voting & meetings

Each Unit Owner entitled to one vote per Unit owned; Sponsor retains voting rights for Unsold Units. (Section 4.7(A): 'each Unit Owner (includ)

Amendments

Declaration: vote of all Unit Owners both in number and aggregate Common Interests, with Sponsor consent for changes affecting Sponsor. By-Laws: general amendments per Section 11.1. (Article 17: 'amended, modified, added to)

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