16 Nesher Court Condominium

Key facts from 16 Nesher Court Condominium's documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article FIRST: submission of property to)

Legal name

16 Nesher Court Condominium

Developer / declarant

Chaim Fogel and Rozalia Fogel (Declarant: Chaim Fogel and Rozalia Fogel)

Governing law

Article 9-B of the Real Property Law of the State of New York (Article FIRST)

Assessments & dues

Board determines budget and levies monthly assessments prorated according to each unit's common interest. Payable in advance. (By-laws Article VI Section 2)

Special assessments

Board may levy special assessments in same manner as regular assessments. (By-laws Article VI Section 2)

Collections & liens

Unpaid common charges constitute a lien on the Unit, prior to all liens except taxes and first mortgages. Foreclosure allowed when past due; may include costs and attorneys' fees. (Declaration Article TWELFTH; By-laws Art)

Reserves & fees

Board may charge delinquent Unit Owner a monthly fee of not more than $15. (By-laws Article VI Section 2)

Pets

Yes, pets are allowed but subject to nuisance restrictions. (By-laws Article VIII Section 3 (mentions)

Leasing & rentals

Yes, Unit Owner may lease Unit after paying all unpaid common charges. Board has right of first refusal to buy any Unit offered for resale (not lease). (By-laws Article XI Section 1)

Architectural approval

Written consent of Board required for exterior alterations, alterations to common elements, and interior alterations impairing structural soundness. (Declaration Article SEVENTEENTH(b); By-l)

Maintenance

Board (common expense) (By-laws Article III Section 6 (exterior )

Insurance

Fire insurance with extended coverage, water damage, vandalism, malicious mischief insuring Building including Units and fixtures at full replacement value. Public liability insurance with single limit $1,000,000 per occurrence covering bod (By-laws Article VII Section 1)

Use restrictions

Yes, all units designated 'Residential' in EXHIBIT B. (EXHIBIT B schedule)

Voting & meetings

Each Unit Owner has one vote per Unit owned. (By-laws Article II Section 2)

Amendments

Declaration: modified by instrument executed by Board upon vote of 80% of Unit Owners in number. By-laws: amendment by 80% Unit Owners vote; material changes require approval from first mortgage holders representing at least 51% of votes of (Declaration Article TENTH; By-laws Artic)

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