4 North Gate Drive Condominium

Key facts from 4 North Gate Drive Condominium's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

4 NORTH GATE DRIVE CONDOMINIUM

Developer / declarant

Berel Karniol

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration Article 1; By-Laws Article I)

Assessments & dues

Board determines and levies common charges to cover budgeted common expenses (By-Laws Article III Section 5(1))

Special assessments

Levy special assessments to pay for litigation or other costs; to borrow money in excess of $10,000 requires consent of at least 66-2/3% of Unit Owners (By-Laws Article III Section 5(10) and (1)

Collections & liens

Unpaid common charges are a lien on the Unit, prior except for taxes and first mortgages; foreclosure after 90 days delinquency (Declaration Article 12; By-Laws Article )

Reserves & fees

Interest at highest legal rate allowed from due date until payment (By-Laws Article VI Section 2)

Pets

Permitted but must not be disturbing or nuisance (By-Laws Article VIII Section 3)

Architectural approval

Alteration of common element landscaping requires prior written approval of Board; no fence/gate without consent; no painting of exterior surfaces (Declaration Article 17(j); By-Laws Artic)

Use restrictions

Occupancy restricted to residential occupancy (Declaration Article 17(i); By-Laws Artic)

Voting & meetings

Each Unit Owner has one vote for each percentage of common interest; each Unit appoints a Manager to vote (Declaration Article 8; By-Laws Article I)

Amendments

66-2/3% of Unit Owners in number and common interest, and consent of first lien mortgagees if materially adverse; recorded amendment (By-Laws Article X; Declaration Article 1)

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