4 Jeffrey Place Condominium

Key facts from 4 Jeffrey Place Condominium's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (TITLE: DECLARATION Establishing a Plan f)

Legal name

4 Jeffrey Place Condominium

Governing law

Article 9-B of the Real Property Law of the State of New York (Pursuant to Article 9-B of the Real Prop)

Assessments & dues

Condominium Board determines Common Charges pro-rata based on Common Interests (allocate and assess such Common Charges )

Special assessments

allowed; for any sum in excess of $25,000 in any fiscal year requires affirmative consent of all Unit Owners (to expend, without the affirmative conse)

Collections & liens

default in payment of Common Charges may lead to lien and foreclosure (Section 6.4) (Default In Payment of Common Charges (Se)

Reserves & fees

contingency fund mentioned but details not specified (assessments are necessary to make expend)

Leasing & rentals

yes, but subject to right of first refusal and no transient occupants (Selling and Leasing of Units (Article 7 )

Architectural approval

yes, for alterations, additions, improvements except those costing $5,000 or less in a calendar year; board approval required for structural changes; board may require insurance and indemnity (Unit Owner ... shall have the right to m)

Insurance

fire insurance with all risk extended coverage, vandalism, malicious mischief covering building (including units and fixtures); also rent insurance, workmen's compensation, boiler and machinery, and other insurance as Board determines (fire insurance policies with all risk ex)

Use restrictions

yes, but professional office by owner allowed (Each Unit may be used in accordance with)

Voting & meetings

one vote per unit owned; Sponsor casts one vote per unsold unit (Unit Owner ... shall be entitled to cast)

Amendments

Declaration: may be amended by majority vote of Unit Owners; By-Laws: amendment procedure not fully specified; any amendment must be recorded in Rockland County Register’s Office (Any provision of this Declaration may be)

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