10 Neil Road Condominium

Key facts from 10 Neil Road Condominium's documents

Reflects the 2010 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (FIRST: Submission of Property)

Legal name

10 NEIL ROAD CONDOMINIUM

Developer / declarant

Jacob Rosenfeld

Governing law

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

Assessments & dues

Board fixes budget at least annually; total amount assessed as single sum against all Units prorated according to percentage of common interest. (ARTICLE VI, Section 2)

Collections & liens

Common charges constitute a lien on the Unit prior to all other liens except tax and first mortgage. Lien may be foreclosed as a mortgage. Attorneys' fees recoverable. Foreclosure sale proceeds insufficient: unpaid balance charged to all Un (ARTICLE TWELFTH (Common Charges))

Reserves & fees

Not more than $15 per delinquent payment. (ARTICLE VI, Section 2)

Pets

Yes, but must not be illegal, disturbing, or a nuisance. (ARTICLE VIII, Section 3)

Leasing & rentals

Yes, but subject to right of first refusal by Board and payment of all unpaid common charges. (ARTICLE XI, Section 1)

Parking & vehicles

Commercial license plate vehicles may not be parked for more than 24 hours. (ARTICLE VIII, Section 8(e))

Maintenance

Common elements maintenance (exterior walls, roof, public utility lines in common elements) is common expense. Unit owner responsible for interior maintenance, repairs, replacements (including windows, doors, heating/AC, pipes within Unit) (ARTICLE III, Section 6)

Insurance

Fire insurance with extended coverage to full replacement value; public liability insurance; policies obtained by Board. (ARTICLE VII, Section 1)

Use restrictions

Yes. (ARTICLE SEVENTEENTH, paragraph (i))

Voting & meetings

Unit Owners entitled to vote representing more than two-thirds of all votes must be present in person or by written proxy to constitute quorum. (ARTICLE II, Section 3)

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