23 Allik Way Condominium

Key facts from 23 Allik Way Condominium's documents

Reflects the 2024 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article 1: submits property to Article 9)

Legal name

23 ALLIK WAY CONDOMINIUM

Developer / declarant

BHNS REALTY LLC

Governing law

Article 9-B of the Real Property Law of the State of New York (Article 1: "submits the property... to t)

Assessments & dues

Board of Managers determines annual budget, fixes monthly assessment payable in advance; may increase if needed (By-Laws Article III Section 5 item 1: "T)

Special assessments

Special assessments shall be levied and paid in the same manner as regular assessments (By-Laws Article VI: "Special assessments)

Collections & liens

Unpaid common charges constitute a lien on the Unit, prior to all liens except taxes and first mortgages; may be foreclosed like a mortgage; Condominium may recover costs and attorneys' fees (Declaration Article 12: "All sums assess)

Reserves & fees

Monthly fee of not more than $15 for delinquent payment (By-Laws Article VI: "The Board may charg)

Maintenance

Maintenance, repairs, replacements to roof and roof members are a common expense (Board responsibility) (By-Laws Article III Section 6: "All main)

Voting & meetings

50% of Unit Owners in person or by proxy (By-Laws Article II Section 3: "the prese)

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