4 Jill Lane Condominium

Key facts from 4 Jill Lane Condominium's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

4 Jill Lane Condominium

Units / lots

3 residential apartments (plus 4 parking units) (Article 5(a), page 4; Exhibit B, page 20)

Governing law

Article 9-B of the Real Property Law of the State of New York (Article 2, page 3)

Special assessments

Yes; allocated by Board pro-rata per Common Interests; requires 80% board approval for capital improvements (Exhibit C (33); By-Laws Section 2.3(iii))

Collections & liens

Condominium Board may file a lien and foreclose for unpaid Common Charges (By-Laws Section 6.2(B), page 32)

Reserves & fees

No reserve may be established except a twelve-month contingency reserve not exceeding 5% of budgeted common expenses, requiring 80% board approval (By-Laws Section 2.3(iv), page 37-38)

Leasing & rentals

Yes, but subject to right of first refusal by Condominium Board; non-individual owners must designate an occupant; unsold units may be leased freely (Article 8(b); By-Laws Article 7, page 33)

Architectural approval

Prior written approval of Condominium Board required for structural alterations, additions, improvements, or repairs to Unit or Limited Common Elements (By-Laws Section 5.3(A), page 50)

Maintenance

Unit Owner responsible for all painting, maintenance, repairs in Unit (incl. fixtures, windows, doors); Board responsible for General Common Elements; Limited Common Elements: structural by Board, non-structural by Unit Owner (By-Laws Section 5.1(A) and (A)(iii), pag)

Insurance

Fire insurance with extended coverage, vandalism, malicious mischief; insuring Building, bathroom/kitchen fixtures, service equipment; excludes owner-supplied appliances/furnishings; includes New York standard mortgage clause (By-Laws Section 5.4(A), page 51-52)

Use restrictions

Each Unit (except parking facility units) shall be used as a residence; parking units may be used for commercial/professional purposes (Article 8(a), page 7)

Voting & meetings

One vote per Unit owned; cumulative voting for board elections (By-Laws Section 4.7(A) and 4.8(D), pages)

Amendments

Unanimous vote of all Unit Owners in number and aggregate Common Interests; requires recording; no amendment affecting Sponsor without its consent; certain amendments may be made by Sponsor alone without other consent (Article 17, pages 15-16)

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