1 Johanna Lane Condominium

Key facts from 1 Johanna Lane Condominium's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

1 JOHANNA LANE CONDO

Developer / declarant

KEREN PINCHAS ELYA, INC. (Declaration, page 1; page 4)

Governing law

Article 9-B of the Real Property Law of the State of New York (Condominium Act) (Declaration, page 1; Article 2, page F-1)

Assessments & dues

Board determines Common Charges and Special Assessments based on adopted budget. (By-Laws Section 2.4(iv) and (v))

Special assessments

Defined in Exhibit C(36); Board may levy. (By-Laws Section 2.4(v); Exhibit C(36))

Collections & liens

Board has right to file lien against Unit for unpaid Common Charges. (By-Laws Section 2.4(vi))

Reserves & fees

Reserve for maintenance, repair, replacement is established; reduction is a material amendment requiring mortgagee consent. (Declaration Article 19(c)(iii); By-Laws )

Architectural approval

Alterations to exterior of unit if design differs from original require Board approval; alterations to property allocated to unit require prior written consent of Board. (Declaration Article 10; By-Laws Section )

Maintenance

Unit owner responsible for interior maintenance, painting, decorating, etc. of Unit; Board responsible for Common Elements. (By-Laws Section 5.1(A))

Insurance

Property insurance covering full replacement cost of Building (exclusive of excavation and foundations); liability insurance with single limit not less than $500,000 initially. (By-Laws Section 5.4)

Use restrictions

Units may be used in accordance with local law and zoning, and not more than one family per Unit at a time. (Declaration Article 9, page F-3)

Voting & meetings

Each Unit Owner casts one vote per percentage of Common Interest owned; cumulative voting in Board elections. (By-Laws Section 4.8 and 4.9)

Amendments

Declaration may be amended by vote of all affected residential Unit Owners in person or by proxy at a meeting, or by written consent of all affected Unit Owners; certain amendments require written consent of mortgagees; material amendments (Declaration Article 19, pages F-6 to F-7)

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