4 Ralph Boulevard Condominium

Key facts from 4 Ralph Boulevard Condominium's documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Declaration title)

Legal name

4 Ralph Boulevard Condominium

Developer / declarant

Ralph Homes Development Corp. (Declaration preamble)

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration Art. FIRST)

Assessments & dues

Not fixed; determined by Board annually based on common expense budget (By-laws Art. VI Sec.2; Art. III Sec.5(1))

Special assessments

Allowed; levied and paid in same manner as regular assessments (By-laws Art. VI Sec.2)

Collections & liens

Unpaid common charges become a lien on the unit, prior to all other liens except taxes and first mortgage. Foreclosure permitted like mortgage. Notice and 5-day grace period before accelerating balance. Right to purchase unit at foreclosure (Declaration Art. ELEVENTH; By-laws Art. )

Reserves & fees

Up to $15 per month for delinquent unit (By-laws Art. VI Sec.2: "charge the delin)

Pets

Allowed subject to not creating nuisance (By-laws Art. VIII Sec.3: "their pets sha)

Leasing & rentals

Unit Owner may lease unit; Board has right of first refusal to buy unit offered for resale (By-laws Art. XI Sec.1)

Parking & vehicles

Commercial license plate vehicles not permitted for more than 24 hours in the Community (By-laws Art. VIII Sec.8(e))

Architectural approval

Board of Managers consent required for alterations to exterior, common elements, or structural interior (Declaration Art. SEVENTEENTH(c); By-laws)

Maintenance

Board responsibility (common element) (By-laws Art. III Sec.6: "exterior walls,)

Insurance

Fire insurance with extended coverage at full replacement value; public liability insurance ($1,000,000 initial single limit); fidelity bonds. (By-laws Art. VII Sec.1)

Use restrictions

Occupancy restricted to Residential Occupancy in accordance with zoning regulations (Declaration Art. SEVENTEENTH(i))

Voting & meetings

Each Unit Owner has one vote per percentage of common interest; each unit appoints a manager to vote (Declaration Art. EIGHTH; By-laws Art. II)

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