5 Taft Lane Condominium

Key facts from 5 Taft Lane Condominium's documents

Reflects the 2024 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article 3: Condominium defined as '5 Taf)

Legal name

5 Taft Lane Condominium

Developer / declarant

3 Taft LLC

Governing law

Article 9-B of the Real Property Law of the State of New York (Article 1: 'submits the property... to t)

Assessments & dues

Sums assessed as common charges by the Board of Managers (Article 12: 'sums assessed as common cha)

Collections & liens

Unpaid common charges constitute a lien on the Unit prior except tax liens and first mortgages; may be foreclosed as a mortgage; costs including attorneys fees recoverable (fees not a lien) (Article 12: full paragraph on lien and f)

Fences

Fences require Board consent (covered in ARC approval) (Article 17(b): list includes 'fences')

Architectural approval

Written consent of Board required for structural additions, alterations, improvements, and for exterior lighting, awnings, canopies, fences, walls, sheds, signs (Article 17(a) and (b))

Use restrictions

Occupancy restricted to Residential Occupancy in accordance with zoning regulations (Article 17(i): 'Occupancy of the Units s)

Voting & meetings

Each Unit Owner has one vote for each percentage of common interest set forth in Exhibit B (Article 8: 'Each Unit Owner shall have o)

Amendments

Amendments require vote of 75% of Unit Owners in number and in common interest, except withdrawal requires unanimous vote; if amendment affects security of mortgages, requires consent of mortgagees holding 51% of first mortgages (Article 10: 'vote of 75% of the Unit Own)

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