12 Buckman Place Condominium

Key facts from 12 Buckman 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

12 BUCKMAN PLACE CONDOMINIUM

Developer / declarant

12 BUCKMAN LLC

Governing law

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

Assessments & dues

Board annually fixes budget, determines total amount, prorates according to common interest percentages; payable monthly in advance (Bylaws Article VI, Section 2)

Special assessments

Levy and paid same as regular assessments (Bylaws Article VI, Section 2)

Collections & liens

Common charges constitute a lien on unit prior to all except taxes and first mortgages; can be foreclosed like mortgage; after 90 days unpaid, Board may foreclose (Declaration Article 13; Bylaws Article I)

Reserves & fees

Board shall establish and maintain the Reserve Fund (Bylaws Article III, Section 5(q))

Pets

Pets are allowed but must not be disturbing or a nuisance (Bylaws Article VIII, Section 3)

Architectural approval

Written consent of Board required for modifications impairing structural soundness; no exterior alterations without written consent (Declaration Article 17(a); Bylaws Articl)

Maintenance

Association maintains common elements (exterior walls, roof, public utility lines, exterior maintenance). Unit owner maintains interior: electrical/plumbing repairs, painting/decorating, windows, doors (except exterior painting), heating/ai (Bylaws Article III, Section 6; Article V)

Insurance

Board shall obtain fire insurance and water damage insurance covering building, full insurable value, with standard mortgagee clause, 60 days prior notice; public liability insurance in single limit of $1,000,000 until first annual meeting; (Bylaws Article VII, Section 1)

Use restrictions

Units shall be used for residential purposes only (Declaration Article 17(i); Bylaws Articl)

Voting & meetings

Each Unit appoints a Manager who votes in person or by proxy; voting by number of Unit Owners (Bylaws Article II, Section 5)

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