172 India Street Condominium HOA Inc

Key facts from 172 India Street Condominium HOA Inc's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Document title and Article 5: 'INDIA STR)

Units / lots

7 (Lots 1501 through 1507 inclusive) (Article 3 and Exhibit B)

Governing law

Article 9-B of the Real Property Law of the State of New York (Article 2(a))

Assessments & dues

Common Charges set by Condominium Board pro-rata according to Common Interests (percentages in Exhibit B); Special Assessments also pro-rata (Declaration Article 8, Bylaws Section 6.)

Special assessments

Permitted; levied by Board pro-rata in accordance with Common Interests (Bylaws Section 6.1(C)) (Bylaws Section 6.1(C))

Collections & liens

Common Charges constitute a lien on the Unit in accordance with Condominium Act; enforcement by foreclosure (Bylaws Section 6.4)

Reserves & fees

Board may establish reserve fund for replacements, working capital, etc. (Bylaws Section 2.4(A)(iv) mentions budget includes reserve) (Bylaws Section 2.4(A)(iv), definition of)

Pets

Not explicitly stated in provided excerpts

Leasing & rentals

Yes, subject to Bylaws Article 7 (selling and leasing) (Bylaws Article 7)

Fences

Not explicitly stated; but rear yard is Limited Common Element (Article 7(B)(iii))

Architectural approval

Yes, for alterations that may affect Common Elements or require structural changes; see Declaration Article 12 and Bylaws Section 5.2 (Declaration Article 12; Bylaws Section 5)

Home business

Not explicitly prohibited; general use restrictions may apply

Signs & flags

Not explicitly stated

Setbacks / home size

4 stories (Article 4) (Article 4)

Maintenance

Roof is a Common Element (Article 7(A)(ii)) (Declaration Article 7(A)(ii))

Insurance

Board shall obtain insurance for Property including Units if feasible (Bylaws Section 5.4) (Bylaws Section 5.4)

Use restrictions

Yes, not more than one family per Unit; use must comply with local law and Certificate of Occupancy (Declaration Article 9(a))

Voting & meetings

One vote per Unit owned; cumulative voting permitted; Sponsor retains voting rights until no Units owned (Bylaws Section 2.7 and Section 4.8)

Amendments

Declaration may be amended by 66-2/3% vote of Unit Owners; amendment effective upon recording (Article 18). By-Laws may be amended as per Article 12 (not fully provided) (Declaration Article 18; Bylaws 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.