5 Challenger Court Condominium

Key facts from 5 Challenger Court Condominium's documents

Reflects the 2026 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (NAME: 5 CHALLENGER COURT CONDOMINIUM)

Legal name

5 CHALLENGER COURT CONDOMINIUM

Developer / declarant

5 Challenger LLC (DECLARANT: 5 CHALLENGER LLC)

Governing law

Article 9-B of the Real Property Law of the State of New York (PURSUANT TO ARTICLE 9-B OF THE REAL PROP)

Assessments & dues

Board of Managers determines and levies monthly assessments; may increase or vote special assessment as required to meet necessary expenses. (To determine and levy monthly assessment)

Special assessments

Board may levy special assessments, paid in same manner as regular assessments. (The Board of Managers may increase the m)

Collections & liens

Board may foreclose lien on Unit for unpaid Common Charges after 90 days from due date. Separate suit for money judgment also available. (The Board shall take action to collect a)

Reserves & fees

Not explicitly; operating account established for Common Charges deposit. No separate reserve fund mentioned. (There shall be established a cash deposi)

Leasing & rentals

Leasing is allowed, but subject to Board's right of first refusal within 30 days. (Section 1. Selling and Leasing Units. Th)

Parking & vehicles

Commercial license plate vehicles may not be parked for more than 24 hours without Board consent. (e. Commercial license plate vehicles may)

Architectural approval

Written consent of Board required for exterior alterations, any alterations to Common Elements, and inside alterations impairing structural soundness. (b. No alterations to the exterior of the)

Home business

Home office is allowed as a lawful purpose. (and other lawful purposes (such as home )

Maintenance

All maintenance, repairs, replacements to Common Elements (exterior walls, roof, public utility lines) by Board. Unit Owners responsible for interior of Unit and Limited Common Elements (decks). Board provides snow plowing for roadways. (Section 6. Repairs and Maintenance. All )

Insurance

Fire insurance covering full replacement value of Buildings, plus other physical damage insurance as Board determines. (fire insurance... in an amount equal to )

Use restrictions

Units restricted to residential occupancy in accordance with zoning regulations; also 'lawful purposes (such as home office)'. (Section 2. All Units shall be used only )

Voting & meetings

Each Unit Owner is entitled to one vote for each Unit owned. For Board elections, each Unit Owner can nominate one individual. (Each Unit Owner ... shall be entitled to)

Amendments

Amendment by Board upon vote of 75% of Unit Owners at duly called meeting. Material adverse amendments to first-lien mortgagees require consent of mortgagees representing 51% of unit votes. Amendment must be recorded. 60-day presumption of (b. The provisions of this Declaration ma)

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