39 Jefferson Avenue Condominium HOA Inc

Key facts from 39 Jefferson Avenue Condominium HOA Inc's documents

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

Community type

Condominium (Declaration (title))

Units / lots

4 (Lots 1401-1404) (Declaration Art. 3)

Developer / declarant

39 Jefferson LLC (Declaration (Declarant paragraph))

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration Art. 2)

Special assessments

Special Assessments may be levied by Board pro rata according to Common Interest (subject to Sponsor veto control during Sponsor Veto Control Period for certain purposes) (By-Laws Sec. 6.1(C); By-Laws Sec. 2.7 (S)

Reserves & fees

Board may accumulate reserve funds for capital replacements (and 10% reserve for capital replacement required in each budget) (By-Laws Sec. 2.4(xii); By-Laws Sec. 2.7 )

Leasing & rentals

Yes; By-Laws Article 7 covers selling and leasing of units. (By-Laws Art. 7 (title))

Voting & meetings

Voting based on Common Interest percentages (per Exhibit B: Unit 1: 32.34%, Unit 2: 22.73%, Unit 3: 22.58%, Unit 4: 22.35%) (Exhibit B; By-Laws Sec. 4.8)

Amendments

Declaration may be amended by 66 2/3% vote of Unit Owners; must be recorded. No amendment shall limit or affect rights of mortgagee against mortgagor. (Declaration Art. 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.