104 Union Road Condominium

Key facts from 104 Union Road Condominium's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Declaration Article 4: 'Condominium as h)

Legal name

104 UNION ROAD CONDOMINIUM

Developer / declarant

Abrao Salamon (Declaration page 1: 'DECLARENT: Abrao Sa)

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration page 1: 'PURSUANT TO ARTICLE)

Assessments & dues

Board of Managers fixes budget at least annually; total required amount assessed pro rata according to common interest percentages. (By-laws Article VI Section 2)

Special assessments

Allowed; levied and paid in same manner as regular assessments. (By-laws Article VI Section 2 (page 18): )

Collections & liens

Unpaid common charges constitute a lien on the Unit, prior to all other liens except tax and first mortgage liens; Board may foreclose after 90 days' unpaid notice. (Declaration Article 12; By-laws Article )

Reserves & fees

Board may charge delinquent Unit Owner a monthly fee of not more than fifteen dollars. (By-laws Article VI Section 2 (page 18): )

Leasing & rentals

Yes, but subject to payment of all unpaid common charges; Board has right of first refusal. (By-laws Article XI Section 1: 'The Board)

Parking & vehicles

Commercial license plate vehicles may not be parked in the Community for a period in excess of 24 hours. (By-laws Article VIII Section 8(e))

Architectural approval

Yes, for exterior alterations, any structure on common elements, or interior alterations that impair structural soundness. (By-laws Article VIII Section 7)

Insurance

Fire insurance with extended coverage, water damage, vandalism, malicious mischief; full replacement value of buildings; initially at least $600,000; public liability insurance minimum $1,000,000. (By-laws Article VII Section 1)

Use restrictions

All Units shall be used for residential purposes only. (By-laws Article VIII Section 2)

Voting & meetings

Each Unit Owner has one vote per percentage of common interest; each Unit appoints a Manager who votes in person or by proxy. (Declaration Article 8; By-laws Article I)

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