62 Main Street Condominium

Key facts from 62 Main Street Condominium's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

62 MAIN STREET CONDOMINIUM

Developer / declarant

62 MAIN STREET LLC

Governing law

Article 9-B of the Real Property Law of the State of New York (Article 1; Page 3)

Assessments & dues

Board determines budget at least annually and levies monthly assessments pro-rata per common interest (Article III, Section 5(1); Article VI, S)

Special assessments

Board may vote special assessment if required beyond monthly (Article III, Section 5(1); Page 12)

Collections & liens

Condominium has lien for unpaid common charges; may foreclose; acquirer at foreclosure not liable for prior charges (Article 12; Pages 6-7)

Reserves & fees

Referred to as part of budget: 'reserves' (Article VI, Section 2; Page 16)

Leasing & rentals

Yes, but subject to Board right of first refusal and payment of all unpaid common charges (Article XI, Section 1; Page 19)

Parking & vehicles

Commercial license plate vehicles may not be parked in Community for over 24 hours (Article VIII, Section 8(e); Page 19)

Architectural approval

Board written consent required for exterior alterations, any structure on common elements, and interior alterations impairing structural soundness (Article 17(b); Article VIII, Section 6; )

Use restrictions

Residential purposes or professional offices in compliance with local zoning regulations (Article VIII, Section 2; Page 18)

Voting & meetings

Each Unit Owner has one vote per percentage of common interest; mortgagees have votes for certain actions (Article 8; Page 5; Article 10; Page 6)

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