4 Kaufman Court Condominium

Key facts from 4 Kaufman Court Condominium's documents

Reflects the 2010 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

4 KAUFMAN COURT CONDOMINIUM

Developer / declarant

Herman Neuchlos (Declaration opening line)

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration Articles 1 and 2; By-laws Ar)

Assessments & dues

Board determines budget, then sets monthly common charges pro-rata according to each Unit's common interest (By-laws Article VI Section 2; Declaratio)

Special assessments

Board may levy special assessments in the same manner as regular assessments (By-laws Article VI Section 2 (Special as)

Collections & liens

Unpaid common charges constitute a lien on the Unit, prior to all other liens except taxes and first mortgages; foreclosure after 90 days past due; Board may purchase at foreclosure (Declaration para 12; By-laws Article IX;)

Reserves & fees

Interest at maximum rate permitted by New York State from due date; also reasonable collection costs and attorney's fees (By-laws Article IX (interest at maximum )

Pets

Yes, implied by mention of 'pets' in By-laws Article VIII Section 3 (By-laws Article VIII Section 3 (their em)

Leasing & rentals

Yes, but subject to Board's right of first refusal on resale; also must pay all unpaid common charges before selling or leasing (By-laws Article XI Section 1 (Board of M)

Architectural approval

Yes, for alterations to exterior or common elements, and for interior alterations that impair structural soundness (Declaration para 17(b) (No alterations t)

Maintenance

Board of Managers (By-laws Article III Section 6 (The Board)

Insurance

Fire insurance on Buildings at full replacement value; public liability insurance with single limit $1,000,000 initially; policies must contain waivers of subrogation and standard mortgagee clause (By-laws Article VII Section 1 (fire insu)

Use restrictions

Yes (By-laws Article VIII Section 2 (All Unit)

Voting & meetings

Each Unit Owner has one vote per percentage of common interest; each Unit appoints a Manager to vote in person or by proxy (Declaration para 8; By-laws Article II S)

Amendments

Declaration amendment: 80% of Unit Owners in number and common interest, plus approval of mortgagees representing at least 51% of unit votes subject to first-lien mortgages (for material adverse amendments to mortgages). By-laws amendment: (Declaration para 10(a) and (b); By-laws )

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