2517 Voorhies Condominium Inc.

Key facts from 2517 Voorhies Condominium Inc.'s documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Declaration THIRD: Name of Condominium)

Legal name

2517 Voorhies Condominium Inc.

Units / lots

33 (20 residential + 13 parking spaces) (Declaration SECOND and Schedule B)

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration FIRST: Submission of Propert)

Assessments & dues

Not fixed; determined by Board of Managers annually (By-Laws Article VI Section 2)

Special assessments

Not separately defined; common expenses include working capital, reserves, deficit; borrowing over $10,000 requires 66-2/3% owner approval (By-Laws Article VI Section 2 and Article)

Collections & liens

Unpaid common charges constitute a lien on the unit, prior to all liens except tax and first mortgage; may be foreclosed like a mortgage; association recovers costs including attorney fees (Declaration FOURTEENTH)

Reserves & fees

Common expenses include a reserve fund for replacements (By-Laws Article VI Section 2: 'a reserve)

Leasing & rentals

Yes, units may be leased in accordance with By-Laws and Rules (Declaration SIXTH)

Architectural approval

Yes, for exterior alterations or alterations impairing structural soundness; written consent of Board required (Declaration NINETEENTH(b))

Home business

Not explicitly allowed; implied prohibition by residential use restriction (Declaration SIXTH and NINETEENTH(e): 'No)

Signs & flags

Sponsor may erect and maintain signs without permission for marketing unsold units; otherwise not addressed (Declaration SIXTH and EIGHTH)

Use restrictions

Yes, units may be used only for their designated purpose in conformity with Certificate of Occupancy (Declaration SIXTH)

Voting & meetings

Each unit owner casts one vote for each 0.01% of common interest (Declaration TENTH and By-Laws Article I )

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