30 Stephens Place Condominium

Key facts from 30 Stephens Place Condominium's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

30 Stephens Place Condominium

Developer / declarant

Stephens Villas LLC (Declaration page 1)

Governing law

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

Assessments & dues

Board of Managers shall annually prepare a budget and assess common charges pro rata according to each Unit's common interest percentage (By-laws Article VI Section 2 (page 22))

Special assessments

Special assessments, if required, shall be levied and paid in the same manner as monthly assessments (By-laws Article VI Section 2 (page 22): )

Collections & liens

Board may foreclose on lien for unpaid common charges after 90 days from due date; also may purchase Unit at foreclosure sale (By-laws Article VI Sections 2 and 3 (pag)

Reserves & fees

Monthly fee of not more than $15 to cover additional burden from lack of timely payment (By-laws Article VI Section 2 (page 22): )

Pets

Pets are permitted but must not create a nuisance or be disturbing (By-laws Article VIII Section 3 (page 25))

Leasing & rentals

Unit may be sold or leased subject to payment of all unpaid common charges; sale subject to Board's right of first refusal (By-laws Article XI Section 1 (page 27))

Parking & vehicles

Commercial license plate vehicles may not be parked in the Community for more than 24 hours (By-laws Article VIII Section 7(e) (page )

Use restrictions

All Units shall be used for residential purposes only (By-laws Article VIII Section 2 (page 25))

Voting & meetings

Each Unit Owner has one vote for each percentage of common interest as shown in Exhibit B (proportional voting) (Declaration Article 8: "Each Unit Owner )

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