35 Yale Drive Condominium

Key facts from 35 Yale Drive Condominium's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

35 YALE DRIVE CONDOMINIUM

Developer / declarant

35 Yale Drive LLC (Page 1, Declaration preamble)

Governing law

Article 9-B of the Real Property Law of the State of New York (Page 1, Declaration Article 1)

Assessments & dues

Board of Managers determines and levies monthly assessments based on common interest percentage, payable in advance (By-laws Article VI Section 2)

Special assessments

Allowed, payable same as regular assessments (By-laws Article VI Section 2)

Collections & liens

Unpaid common charges constitute a lien on the unit prior to all except tax liens and first mortgages; foreclosure allowed as a mortgage (Declaration Article 12 and Article 13)

Reserves & fees

Interest at maximum interest permitted in New York (Declaration Article 12)

Pets

Yes, but must not be a nuisance or disturbance (By-laws Article VIII Section 3)

Leasing & rentals

Yes, but subject to right of first refusal by Board (30 days) and payment of unpaid charges before conveyance (By-laws Article XI Section 1)

Parking & vehicles

Commercial license plate vehicles may not be parked in the Community for more than 24 hours (By-laws Article VIII Section 6(e))

Architectural approval

Yes, for structural modifications or alterations; prior written consent of Board required (Declaration Article 16(b); By-laws Artic)

Maintenance

Board responsible for maintenance of common elements (exterior walls, roof, snow plowing for roadways); Unit Owner responsible for interior maintenance and repairs, including sanitary installations (By-laws Article III Section 6; Article V)

Insurance

Fire insurance on building (minimum $600,000 until first meeting); public liability insurance; Board obtains and maintains (By-laws Article VII Sections 2 and 3)

Use restrictions

Yes, Units restricted to residential occupancy per zoning regulations (Declaration Article 16(i); By-laws Artic)

Voting & meetings

Each Unit Owner casts one vote per unit owned; each unit appoints a manager to vote (By-laws Article II Section 3 and Section)

Amendments

Requires 80% of Unit Owners in number and common interest, and 51% of first mortgagees (by vote) for revocation or withdrawal (Declaration Article 9)

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