30 Francis Place Condominium

Key facts from 30 Francis Place Condominium's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

30 Francis Place Condominium

Developer / declarant

30 Francis Place, Inc.

Governing law

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

Assessments & dues

Projected monthly common charges: Unit A $209.41, Unit B $103.17, Unit C $52.01 (from Offering Statement table) (EXHIBIT A - Common Interest table)

Special assessments

Allowed; levied and collected as provided for regular assessments (By-laws ARTICLE VI Section 2: "special a)

Collections & liens

Unpaid common charges constitute a lien on the Home, prior to all liens except taxes and first mortgage. May be foreclosed like a mortgage. (Declaration ARTICLE TWELFTH)

Reserves & fees

Monthly fee of not more than $25.00 for delinquent Home Owner (By-laws ARTICLE VI Section 2: "The Board)

Leasing & rentals

Any Home may be conveyed or leased (By-laws ARTICLE XI Section 1)

Parking & vehicles

Commercial license plate vehicles may not be parked in the Community for more than 24 hours (By-laws House Rules Section 8(e))

Architectural approval

Written consent of Board required for exterior alterations, alterations to common elements, or interior alterations impairing structural soundness (Declaration ARTICLE SEVENTEENTH (b) and )

Maintenance

Board of Managers (By-laws ARTICLE III Section 6: Board mai)

Insurance

Board shall insure common elements and Homes (excluding improvements installed by Home Owners) against fire and other hazards, with replacement cost; also liability insurance of $1,000,000 per occurrence (By-laws ARTICLE VII Section 1 and Sectio)

Use restrictions

Prohibited; no source of annoyance or interference with peaceful use (Declaration ARTICLE SEVENTEENTH (e))

Voting & meetings

Each Home Owner has one vote for each percentage of common interest (ARTICLE EIGHTH)

Amendments

Declaration: 80% of Home Owners in number and common interest plus first mortgagees of affected homes; By-laws: 80% of Home Owners in number and common interest, with full statement of amendment in notice (Declaration ARTICLE TENTH (b) and By-law)

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