15 Herrick Avenue Condominium

Key facts from 15 Herrick Avenue Condominium's documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article 1: 'submits the property... to t)

Legal name

15 HERRICK AVENUE CONDOMINIUM

Units / lots

At least 2 (Unit 1 and Unit 2, based on EXHIBIT B) (EXHIBIT B: 'Unit 1 Basement 1200 17.36%)

Developer / declarant

CHANANIA AND HENNY GLAQUBER

Governing law

Article 9-B of the Real Property Law of the State of New York (Article 1; By-Laws Article I Section 1)

Assessments & dues

Board determines monthly assessments (common charges) to cover cost of common expenses, payable in advance; budget sent to owners annually (By-Laws Article VI Section 2; Article II)

Special assessments

Board may increase monthly assessments or vote special assessment if needed, assessed pro-rata according to common interest (By-Laws Article III Section 5 item 1)

Collections & liens

Common charges constitute a lien on the Unit; foreclosure after 90 days unpaid; Board may purchase Unit at foreclosure (Declaration Article 13; By-Laws Article )

Reserves & fees

Budget may include reserves (By-Laws Article VI Section 2 ('reserves')

Leasing & rentals

Yes, but subject to Board's right of first refusal and payment of unpaid common charges (By-Laws Article XI Section 1)

Parking & vehicles

Commercial license plate vehicles may not be parked in the Community for more than 24 hours (By-Laws Article VIII Section 8(e))

Architectural approval

Board consent required for alterations to exterior, common elements, or interior affecting structural soundness (Declaration Article 17(b); By-Laws Artic)

Maintenance

Common element (outside walls and roofs) – Association responsibility (Declaration Article 5)

Insurance

Fire with extended coverage, water damage, vandalism, malicious mischief on Building, all Units, fixtures, equipment (By-Laws Article VII Section 1)

Use restrictions

Units are for residential use (Exhibit B shows 'usage: Residential'), plus all laws and zoning must be observed (Declaration Article 17(e); EXHIBIT B)

Voting & meetings

Each Unit Owner (including Sponsor and Board if they own a unit) has one vote for each percentage of common interest; also 'each Unit Owner shall be entitled to cast one vote' per By-Laws Art. II Sec. 2 (Declaration Article 8; By-Laws Article I)

Amendments

Declaration amendments require 66-2/3% of Unit Owners in number and common interest; material adverse amendments also require approval of mortgagees representing at least 51% of votes (one per first mortgage). Revocation of condominium requ (Declaration Article 10; By-Laws Article )

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