2 Mezritch Road Condominium

Key facts from 2 Mezritch Road Condominium's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Name: 2 MEZRITCH ROAD CONDOMINIUM, Page )

Legal name

2 MEZRITCH ROAD CONDO

Units / lots

1 land parcel (Lot 78 on subdivision map) with multiple tax lots per unit (Schedule A (F-10) and Exhibit B tax lot )

Governing law

Article 9-B of the Real Property Law of the State of New York (Page 1, F-1)

Assessments & dues

Board adopts budget and determines Common Charges pro-rata based on Common Interest (By-laws Section 2.4(iv)(v) (G-2) and Art)

Special assessments

Charges by Board pro-rata in accordance with Common Interest (Definitions (33) (F-15))

Collections & liens

Board may perfect a lien for unpaid Common Charges; owner precluded from voting if lien is perfected and unpaid (By-laws Section 4.8(B) (G-13))

Reserves & fees

During Declarant control, reserves limited to 5% of estimated Common Expenses; after control, twelve-month reserve for contingencies not exceeding 10% of budgeted operating expenses (By-laws Section 2.5(A)(ii) and (B)(iv) ()

Leasing & rentals

Leasing allowed subject to Right of First Refusal (Article 7 of By-laws) and potential restrictions (By-laws Table of Contents Article 7 (G-2)

Architectural approval

Board approval required for alterations, additions, improvements in Units and Common Elements; approval deemed if no response within 15 business days (By-laws Section 5.2 (G-15))

Voting & meetings

Each Unit Owner casts one vote per percentage of Common Interest owned; cumulative voting allowed; Sponsor also votes (By-laws Section 4.8 (G-13))

Amendments

Declaration amended by 75% vote of Common Interest; certain amendments require mortgagee consent; Sponsor may amend for incomplete buildings without vote (Declaration Article 19 (F-6 to F-8))

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