33 Calvert Drive Condominium

Key facts from 33 Calvert Drive Condominium's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Page 1, Declaration)

Legal name

33 Calvert Drive Condominium

Developer / declarant

Calvert Holdings LLC

Governing law

Article 9-B of the Real Property Law of the State of New York (Page 1, Declaration)

Special assessments

Special assessments may be levied and collected in the 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 tax liens and first mortgages. Lien may be foreclosed as a mortgage. Foreclosure sale proceeds may be used to satisfy unpaid charges; any deficiency charged to a (Declaration Article 12; By-laws Article )

Reserves & fees

Monthly fee of not more than $15 for delinquent Unit Owners; interest at the highest legal rate permitted under New York law. (By-laws Article VI Section 2)

Pets

Impliedly allowed, subject to restrictions that they must not be disturbing or a nuisance. (By-laws Article VIII Section 3)

Leasing & rentals

Leasing is permitted, but all common charges must be paid before sale or lease; any violation makes sale/lease voidable at Board's option. (By-laws Article XI Section 1)

Parking & vehicles

Commercial license plate vehicles may not be parked in the Community for a period in excess of 24 hours. (By-laws Article VIII Section 8(e))

Architectural approval

Board must respond within 60 days; failure to respond means no objection to proposed modification. (By-laws Article VIII Section 6)

Maintenance

Board maintains, repairs and replaces common elements (including roofs, exterior walls). Unit Owners are responsible for maintenance and repair of their own Units. Board provides snow plowing for roadways. (By-laws Article II Section 6)

Insurance

Fire insurance on full replacement value of Buildings including common elements, and other insurance as Board determines. Policies contain standard mortgagee clause. (By-laws Article VII)

Use restrictions

All Units shall be used for residential purposes only. (By-laws Article VIII Section 2; Declarat)

Voting & meetings

Each Unit Owner has one vote per percentage of common interest (as per Exhibit B). Each Unit appoints a Manager who votes in person or by proxy. (Declaration Article 8; By-laws Article I)

Amendments

Amendments require affirmative vote of not less than 66-2/3% of Unit Owners. If of material adverse nature to first lien mortgagees, also requires approval of 51% of such mortgagees. (By-laws Article X)

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