52 Blauvelt Road Condominium

Key facts from 52 Blauvelt Road Condominium's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Declaration title, Article 2: 'The Condo)

Legal name

52 BLAUVELT ROAD CONDOMINIUM

Developer / declarant

BRUCHA HOME

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration preamble, page 4; Article 26)

Assessments & dues

Board adopts annual budget and determines Common Charges and Special Assessments based on Common Interest percentages (By-Laws Sections 2.4(iv), 2.4(v), page 2)

Special assessments

Board may levy Special Assessments pro-rata in accordance with Common Interests; limitations during Sponsor control period (Definitions (35), page 19; By-Laws Secti)

Collections & liens

Assessment liens may be created; priority of assessment liens; mortgagee protections for material amendments affecting assessment liens; unpaid common charges may lead to lien (Declaration Article 19(c)(ii), page 11; )

Reserves & fees

Board may establish reserve fund for capital expenditures not exceeding 10% of budgeted operating expenses; during Sponsor control, reserves limited to twelve-month contingency reserve not exceeding 10% of budgeted expenses unless required (By-Laws Section 2.4(xii), page 26; Secti)

Leasing & rentals

Allowed, subject to Right of First Refusal (By-Laws Article 7 heading, page 21; Sect)

Architectural approval

Prior written consent of Board required for alterations, additions, improvements to exterior of Unit; also for interior if affecting structure or safety (Declaration Article 10, page 6; By-Laws )

Maintenance

Unit Owner responsible for maintenance, repair, replacement of Unit and Limited Common Elements (decks); Association (Board) responsible for Common Elements (By-Laws Section 5.1(A), page 38; Declara)

Insurance

Board shall obtain fire and extended coverage insurance on all buildings and improvements (including Units' fixtures, decorations, personal property of Sponsor/Unit Owners), liability insurance, and other insurance as Board deems appropriat (By-Laws Section 5.4(A) and (B), pages 40)

Use restrictions

Each Unit may be used for use permitted by local law and zoning, and not more than one family may occupy a Unit (Declaration Article 9, page 6)

Voting & meetings

Each Unit Owner, including Sponsor, casts one vote per percentage of Common Interest owned; cumulative voting allowed; Sponsor may control as long as owns majority of Units (By-Laws Sections 4.8 and 4.9, pages 36-3)

Amendments

Amendments require consent of mortgagees for material changes (voting rights, >25% assessment increases, reserves, maintenance, unit boundaries, convertibility, expansion/contraction, insurance, restrictions on use/mortgaging, decision by U (Declaration Article 19, pages 10-12)

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