44 Truman Avenue Condominium

Key facts from 44 Truman Avenue Condominium's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

44 Truman Avenue Condominium

Developer / declarant

Edith Fischer, 44 Truman Avenue, Spring Valley, NY 10977 (SPONSOR: Edith Fischer, 44 Truman Avenue)

Governing law

Article 9-B of the Real Property Law of the State of New York (FIRST: SUBMISSION OF PROPERTY; see also )

Assessments & dues

Board of Managers determines cash requirements and fixes common charges; assessed against Unit Owners based on Common Interest percentage. (ARTICLE VI Section 1)

Collections & liens

Board holds a lien on each Unit for unpaid Common Charges; may foreclose as per Real Property Law Section 339-z. Proceeds first to unpaid charges, then legal fees, then other liens, then owner. (ARTICLE VI Section 4 (citing Real Proper)

Reserves & fees

Board may establish general operating reserve and replacement fund. (ARTICLE VI Section 1)

Leasing & rentals

Leasing permitted; all tenants subject to Declaration, By-Laws, and Rules. Sponsor allowed to rent units without Board permission. No explicit restrictions for other owners. (Declaration THIRTEENTH; Declaration NINT)

Architectural approval

Yes, Board approval required for structural additions, alterations, or improvements to a Unit or that affect exterior. Non-structural interior alterations not requiring approval. (ARTICLE VI Section 11)

Home business

Home occupation use permitted if allowed by zoning; professional office by resident allowed with prior Board consent. (ARTICLE VI Section 10(a))

Insurance

Board required to obtain fire insurance with extended coverage, vandalism, malicious mischief, covering buildings (including Units and fixtures initially installed by Sponsor), service machinery and equipment. Interests of Condominium, Boar (ARTICLE VI Section 2)

Use restrictions

Yes, Units for private residences only. Exception: home occupation permitted under zoning; professional office with Board consent. (ARTICLE VI Section 10(a))

Voting & meetings

Each Unit Owner casts one vote per .001% of Common Interest per Unit on all matters except Board election where each .001% gives one vote per member to be elected. Single vote per unit if multiple owners. Board-owned units not entitled to v (ARTICLE II Section 7)

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