Heritage Path

Key facts from Heritage Path's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Article 9-B of the Real Property Law of )

Legal name

Heritage Path Condominium

Developer / declarant

Heritage Path I LLC

Governing law

Article 9-B of the Real Property Law of the State of New York (Article II, Section 2.01)

Assessments & dues

Board of Managers determines and levies Common Charges and Special Assessments to cover common expenses (By-Laws Section 3.03(a))

Special assessments

Board may impose Special Assessments for capital repairs, improvements, or unanticipated cash shortfalls; same collection and lien provisions as Common Charges (Declaration Section 1.12; By-Laws Sectio)

Collections & liens

Common Charges and Special Assessments constitute a lien on the Unit; Board may foreclose (By-Laws Article VII (Section 7.04, 7.05 )

Architectural approval

Prior written consent of Board of Managers required for structural alterations, exterior changes, gardens, plantings, and any alteration or improvement to Common Elements (Declaration Sections 7.01, 7.02, 7.03)

Signs & flags

Sponsor may erect signs identifying and advertising for sale or lease Units; no other sign provision (Declaration Section 8.03(e))

Maintenance

Unit Owners shall maintain their Unit in good repair and overall appearance. Board maintains Common Elements. (Declaration Section 11.02; Section 10.01)

Use restrictions

Each Unit shall be used for residential purposes only (Declaration Section 5.04)

Voting & meetings

Each Unit Owner entitled to vote weighted by percentage interest in Common Elements (6.25% per Unit). Voting rights suspended during default of payment (except Sponsor). Proxy allowed. Absentee ballots permitted. (By-Laws Section 1.01, Section 1.02, Sect)

Amendments

Requires 67% or more in number and common interest of all Unit Owners, notice to Eligible Mortgage Holders, no opposition from 51% of Eligible Mortgage Holders, and Sponsor consent while Sponsor owns a Unit; recorded instrument with Board c (Declaration Section 12.01)

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