22 Herrick Avenue Condominium

Key facts from 22 Herrick Avenue Condominium's documents

Reflects the 2013 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

22 HERRICK AVENUE CONDOMINIUM

Developer / declarant

CHAI HERRICK LLC

Governing law

Article 9-B of the Real Property Law of the State of New York (Article 1; page 3: 'to the provisions of)

Assessments & dues

Board fixes budget at least annually, total assessed pro-rata according to common interest (By-laws Article VI Section 2 (page 18-19)

Special assessments

Permitted; assessed pro-rata among Unit Owners according to common interest (By-laws Article III Section 5(1) (page 1)

Collections & liens

Unpaid common charges become a lien on the Unit; Board may foreclose; holder of first mortgage exempt from prior charges (Declaration Article 12 (page 6-7): 'comm)

Leasing & rentals

Yes, subject to Board's right of first refusal and payment of all unpaid common charges (By-laws Article XI Section 1 (page 22): )

Architectural approval

Written consent of Board required for alterations to exterior of Unit, common elements, or interior affecting structural soundness (Declaration Article 17(b) (page 7-8): 'N)

Maintenance

Board (By-laws Article III Section 6 (page 16):)

Insurance

Fire insurance with extended coverage, water damage, vandalism and malicious mischief endorsements insuring Building, Units, bathroom/kitchen/laundry fixtures, heating/hot water equipment, service machinery (By-laws Article VII Section 1 (page 20):)

Use restrictions

Yes, residential use per Unit descriptions (Exhibit B (page 11-12): 'Residential' fo)

Voting & meetings

Each Unit Owner one vote per Unit owned; each Unit appoints a Manager who votes in person or by proxy (By-laws Article II Section 2 (page 13): )

Amendments

Declaration: 66-2/3% of Unit Owners in number plus, if materially adverse to first-lien mortgagees, mortgagees representing at least 51% of unit votes; By-laws: 66-2/3% of Unit Owners in number and common interest, and if materially adverse (Declaration Article 10(b) (page 5-6): 'v)

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