Retreat at Airmont Condominium

Key facts from Retreat at Airmont Condominium's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title: 'Condominium Declaration')

Developer / declarant

Pulte Homes of New York, Inc. (Declaration opening: 'Declarant: PULTE H)

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration, FIRST: 'submits the propert)

Age restriction

55+ community: occupancy restricted to persons over 55 years of age; under 18 may not be permanent residents more than 4 weeks at a time (Declaration, TWENTIETH, Section 1: 'occu)

Assessments & dues

Board of Managers annually determines budget and levies Common Charges proportionate to each Home's Common Interest (By-Laws, Article VI, Section 2: 'The Boa)

Special assessments

Allowed; must be approved by Board; may require Home Owner vote if over $25,000 (or $10,000 during Sponsor control) (By-Laws, Article III, Section 6(a)(12): )

Collections & liens

Unpaid Common Charges constitute a lien on the Home, prior to all other liens except tax liens and first mortgages; may be foreclosed like a mortgage (Declaration, TWELFTH: 'all sums assessed)

Reserves & fees

Reserve for contingencies included in budget; during Sponsor control, reserve cannot exceed budgeted amount without consent (By-Laws, Article III, Section 6(c)(ii): )

Leasing & rentals

Leasing is permitted subject to requirements in By-Laws (By-Laws, Article XIV: 'Leasing Homes' an)

Architectural approval

Prior written approval of Board of Directors of The Retreat at Airmont Home Owners Association required for any addition, alteration, improvement to Home or Common Elements; failure to act within 60 days deems approval (Declaration, EIGHTEENTH(c): 'No Home Own)

Voting & meetings

Each Home Owner has one vote per Home; Sponsor may vote on unsold Homes (By-Laws, Article II, Section 1: 'Each Ho)

Amendments

Declaration may be amended by instrument executed by Board of Managers upon vote of 66.67% of Home Owners; certain changes require consent of all affected owners and first mortgagees (Declaration, TENTH(b): 'modified or amen)

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