27 North Riguad Road Condominium

Key facts from 27 North Riguad Road Condominium's documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

27 North Rigaud Road Condominium

Governing law

Article 9-B of the Real Property Law of the State of New York (Condominium Act) (Article 2, Article 8)

Assessments & dues

Condominium Board determines Common Charges (assessments) based on an annual budget of anticipated Common Expenses, allocated pro rata according to Common Interests (Section 2.6(iv)(v), Article 6 of By-Laws)

Special assessments

Allowed; Condominium Board may levy Special Assessments for uninsured casualty or condemnation deficiencies or other needs (Section 6.1 of By-Laws, Section 2.6(v), )

Collections & liens

Condominium Board may perfect a lien against a Unit for unpaid Common Charges and foreclose; unit owner in default on charges loses voting rights (Section 6.4, Section 4.8(B))

Leasing & rentals

Yes; governed by Article 7 of By-Laws, including Right of First Refusal (Article 7 Table of Contents (pages 28-29)

Architectural approval

Yes, for any alterations, additions, improvements, or repairs by Unit Owners; structural changes need prior Board approval; non-structural under $5,000 may not need approval (Section 5.3 of By-Laws; Article 12 of De)

Maintenance

Association responsible for all painting, maintenance, and replacements (structural/non-structural) as Common Expense, unless caused by unit owner's negligence, misuse, or abuse, then unit owner bears cost (Section 5.1(A) of By-Laws)

Insurance

Fire insurance with all risk extended coverage, vandalism, malicious mischief on Building including Units and fixtures; comprehensive general liability insurance minimum $500,000 per occurrence; also workers' compensation, disability, boile (Section 5.4(A), (B), (C))

Use restrictions

Yes; property to be developed for personal use only; units are residential (Article 2, Article 9, Section 5.6)

Voting & meetings

Each Unit Owner (including Sponsor) entitled to cast one vote per Unit owned; Board membership: each Unit Owner designates one Board member (Section 4.8, Section 2.7, Section 4.9)

Amendments

Declaration amendment requires 66 2/3% vote of Unit Owners and recording in Kings County Register's Office; By-Laws amendment per Article 12 of By-Laws (not detailed) (Article 18 of Declaration; Article 12 of)

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