406 Fenimore Condominium Inc.

Key facts from 406 Fenimore Condominium Inc.'s documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article 5: The Condominium shall be know)

Developer / declarant

TF 410 Fenimore JV LLC (Declaration first page: Declarant: TF 41)

Governing law

Article 9-B of the Real Property Law of the State of New York (Article 2: 'submit the Property ... to t)

Assessments & dues

Condominium Board determines Common Expenses and fixes Common Charges proportionately to Common Interests (By-Laws Section 6.1: 'The Condominium Bo)

Special assessments

Allowed; defined as charges allocated pro-rata by Common Interest (Exhibit C definition of Special Assessme)

Collections & liens

Condominium Board may levy liens for unpaid Common Charges (By-Laws Section 6.4: 'The Condominium Bo)

Reserves & fees

Condominium Board may accumulate reserve funds; at least 10% for capital replacement in budget (By-Laws Section 2.4(A)(xii): 'to accumul)

Leasing & rentals

Yes; Unit Owner may sell, lease, or otherwise transfer (By-Laws Section 7.1: 'A Unit Owner may s)

Architectural approval

Yes; Condominium Board approval required for alterations, additions, improvements, or changes in layout (Article 12: 'Upon Condominium Board appr)

Maintenance

Common Element; maintained by Condominium Board (Article 7(A)(ii): Common Elements includ)

Insurance

Master property insurance covering Common Elements and Units (all-risk, replacement cost); liability coverage for Board (By-Laws Section 5.4: 'The Condominium Bo)

Use restrictions

Not more than one family may occupy a Unit at one time; use per local law and Certificate of Occupancy (Article 9: 'each Unit may be used in acc)

Voting & meetings

Each Unit Owner votes in proportion to Common Interest of their Unit (Exhibit B: Common Interest percentages l)

Amendments

Amendment to Declaration requires 66 2/3% vote of Unit Owners, recorded in Kings County Register's Office; By-Laws can be amended by 66 2/3% vote unless different provision (Article 18(a): 'Any provision of this De)

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