151 Weirfield Street Condominium Association Corp.

Key facts from 151 Weirfield Street Condominium Association Corp.'s documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article 2: 'submits the land ... to the )

Units / lots

6 residential units (Article 4: 'contains six (6) residential)

Developer / declarant

151 Weirfield LLC (Page 1 of Declaration: 'Declarant: 151 W)

Governing law

Article 9-B of the Real Property Law of the State of New York (Condominium Act) (Article 2)

Assessments & dues

Condominium Board prepares budget, determines Common Charges and Special Assessments pro-rata based on Common Interests. (By-Laws Section 2.4(A)(iv),(v); Section )

Special assessments

Special Assessments may be levied by Condominium Board pro-rata according to Common Interests; terms in By-Laws Section 6.1(C). (Exhibit C definition of 'Special Assessm)

Collections & liens

Condominium Board has remedies for default in Common Charges including potential surrender of Unit (By-Laws Section 6.2(C)); Specific foreclosure procedures not fully extracted. (By-Laws Section 6.4, 6.2(C) (table of co)

Reserves & fees

Condominium Board may accumulate reserve funds for capital replacements. (By-Laws Section 2.4(A)(xii))

Leasing & rentals

Yes; By-Laws Article 7 'Selling and Leasing of Units' presumes leasing is permitted. (By-Laws Article 7 (table of contents); S)

Architectural approval

Alterations, additions, or improvements to the interior of a Unit or to Limited Common Elements require Condominium Board approval. (Article 12 of Declaration; By-Laws Secti)

Use restrictions

Each Unit may be used in accordance with local law and Certificate of Occupancy; not more than one family may occupy a Unit at one time. (Article 9 of Declaration)

Voting & meetings

Each Unit Owner votes in proportion to their Common Interest; percentages listed in Exhibit B. (Article 8 (Common Interests); By-Laws Se)

Amendments

Declaration may be amended by 66 2/3% vote of Unit Owners, recorded in Kings County Register's Office; no amendment shall limit rights of mortgagee (Article 18(a))

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