3 Wiener Drive Condominium

Key facts from 3 Wiener Drive Condominium's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

3 Wiener Drive Condominium

Developer / declarant

3 Wiener Drive Condominiums, LLC

Governing law

Article 9-B of the Real Property Law of the State of New York (FIRST: Submission of Property; BY-LAWS A)

Assessments & dues

Board of Managers shall fix and determine the budget at least annually; total amount required is prorated against each Home according to its percentage of common interest (BY-LAWS ARTICLE VI, Section 2)

Special assessments

Board may levy special assessments as hereinabove provided for regular assessments (BY-LAWS ARTICLE VI, Section 2)

Collections & liens

Unpaid common charges together with interest constitute a lien on the Home prior to all other liens except tax liens and first mortgage liens. Lien may be foreclosed like a mortgage. After 90 days notice, Board may foreclose. (Declaration TWELFTH; BY-LAWS ARTICLE IX)

Reserves & fees

Interest at the maximum amount permitted by the State of New York from its due date (BY-LAWS ARTICLE IX; Declaration TWELFTH)

Leasing & rentals

Yes, Home Owner may lease Home subject to conditions: lease must be in writing, lessee must agree to comply with governing documents, and Board must be notified. (BY-LAWS ARTICLE XI, Section 1)

Architectural approval

No alterations to the exterior of the Home or any part of the common elements; no alterations inside that impair structural soundness without written consent of Board of Managers. (Declaration SEVENTEENTH (b); BY-LAWS ART)

Maintenance

Roof and roof members are part of common elements; maintenance is common expense. (BY-LAWS ARTICLE III, Section 6)

Insurance

Fire insurance with extended coverage, water damage, etc. on the Building including all initial fixtures, cabinets, equipment, heating, hot water, and other service machinery. Initial amount at least $3,000,000 covering all units. (BY-LAWS ARTICLE VII, Section 1)

Use restrictions

Occupancy of the Homes is restricted to Residential Occupancy in accordance with applicable zoning regulations (Declaration SEVENTEENTH (i); BY-LAWS ART)

Voting & meetings

Each Home Owner shall have one vote for each percentage of common interest set forth in Exhibit A; each Home (Unit) entitled to one vote (EIGHTH; BY-LAWS ARTICLE II, Section 2)

Amendments

Declaration: 80% of Home Owners in number and common interest, plus consent of first mortgagees for revocation or changes affecting share or priorities. By-laws: 80% of Home Owners in number and common interest at a meeting with full statem (Declaration TENTH; BY-LAWS ARTICLE X)

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