14 Gibbs Court Condominium

Key facts from 14 Gibbs Court Condominium's documents

Reflects the 2012 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Declaration FIRST)

Legal name

14 Gibbs Court Condominium

Units / lots

1 parcel (Schedule A to Declaration doc 107148 pag)

Developer / declarant

Wiener Drive Condominiums, LLC

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration heading, page 3)

Assessments & dues

Board annually fixes and determines budget representing sums necessary for operation; then fixes monthly assessment based on common interests of each Home (By-laws Art VI Sec 2)

Special assessments

Permitted, levied and paid in same manner as regular assessments (By-laws Art VI Sec 2)

Collections & liens

Unpaid common charges constitute a lien on the Home, prior to all other liens except tax liens and first mortgage liens. Lien may be foreclosed like a mortgage when 90 days past due. (Declaration TWELFTH; By-laws Art VI Sec )

Reserves & fees

Not explicitly named; operating fund (cash deposit) established (Art VI Sec 4); also reference to reserves for purposes determined by Board (Schedule B definitions: Common Expenses include reasonable reserves) (By-laws Art VI Sec 4; Schedule B definit)

Use restrictions

Residential occupancy required in accordance with applicable zoning regulations (Declaration SEVENTEENTH (i))

Voting & meetings

Each Home Owner has one vote per percentage of common interest as set forth in Exhibit A (Declaration EIGHTH; By-laws Art II Sec 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.