179 Richardson Street Condominium HOA Inc

Key facts from 179 Richardson Street Condominium HOA Inc's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Cover page: 'Establishing a Plan for Con)

Units / lots

2 (Lots 1001 and 1002) (Cover page: 'N/K/A Lots 1001 through 100)

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration opening paragraph)

Assessments & dues

Common Charges are allocated pro-rata based on Common Interests (By-Laws §6.1(A): 'Common Charges shall b)

Special assessments

Permitted; Board may levy Special Assessments (By-Laws §6.1(C): 'The Condominium Board )

Collections & liens

Board may impose a lien and foreclose for unpaid Common Charges (By-Laws §6.4: 'The Condominium Board may)

Reserves & fees

Board may establish reserve funds (By-Laws §6.1(B): 'The Condominium Board )

Leasing & rentals

Yes, but subject to Right of First Refusal (By-Laws Art. 7) (By-Laws Art. 7: 'Selling and Leasing of )

Architectural approval

For alterations affecting structural integrity or Common Elements, Board approval needed (By-Laws §5.2 and §5.3)

Home business

Not prohibited but must comply with zoning and Certificate of Occupancy (Article 9(a): 'in accordance with the us)

Maintenance

Common Element, thus Association responsibility (Article 7(A): includes 'exterior walls' )

Insurance

Board must obtain property and liability insurance covering the property, including units (casualty, fire, etc.) (By-Laws §5.4)

Use restrictions

Yes, each Unit may be used for residential purposes only, not more than one family per Unit (Article 9(a): 'each Unit may be used in )

Voting & meetings

Each unit owner has one vote per unit (implied from 'Majority of Unit Owners' definition and election procedures) (By-Laws §4.8: 'Each unit owner shall be )

Amendments

Declaration amendment requires vote of all unit owners; By-Laws amendment by unit owner vote. (Article 18; By-Laws Art. 12)

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