49 Mezritch Road Condominium

Key facts from 49 Mezritch Road Condominium's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article 5: Name of the Condominium)

Legal name

49 Mezritch Road Condominium

Units / lots

1 (land subdivided into units; no separate lots) (Article 3: land designated as Lots throu)

Governing law

Article 9-B of the Real Property Law of the State of New York (Preamble)

Assessments & dues

Board prepares budget and determines Common Charges (including reserves) allocated pro rata based on Common Interests (By-Laws Sections 2.4(v), 6.1)

Special assessments

Permitted; allocated pro rata based on Common Interests; defined in By-Laws (By-Laws Section 6.1(C) and definitions)

Collections & liens

Condominium Board may perfect a lien against a Unit for unpaid Common Charges; foreclosure allowed (By-Laws Section 6.4 and Article 9)

Reserves & fees

Board may establish reserve fund for working capital, general operating reserve; Sponsor consent required for assessments to create/replace reserves during control period (By-Laws Section 2.4(vi) and Section 2.7)

Leasing & rentals

Yes, subject to restrictions; Right of First Refusal in favor of Condominium Board (By-Laws Article 7)

Architectural approval

Alterations, additions, improvements to units require prior written approval of Board if cost exceeds $5,000 in a calendar year; if cost $5,000 or less, no approval needed; Board must respond within 15 days; approval may be conditioned on i (By-Laws Section 5.3(A) and (B))

Home business

Only professional office by owner, partial use; no other business (By-Laws Section 5.7(A))

Setbacks / home size

Three stories plus basement (building height not explicitly given) (Article 4: three (3) stories and basemen)

Maintenance

Part of Common Elements; Board responsible (Article 7 (Common Elements include roofs)

Insurance

Fire insurance with all risk extended coverage, vandalism, malicious mischief, insuring building including Units and bathroom/kitchen fixtures (but not appliances or personal property); also rent insurance, workmen's comp, boiler and machin (By-Laws Section 5.4(A) and (B))

Use restrictions

Units shall be used only for residential purposes, except that a Unit may be partially used as a professional office by the owner (By-Laws Section 5.7(A))

Voting & meetings

One vote per Unit Owner for each unit owned; Sponsor/designee votes for Unsold Units; proxies allowed in writing; no vote if common charges lien perfected; co-owners each vote? Not specified; subdivision of unit shares vote (By-Laws Section 4.8 and Section 2.7)

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