36 Truman Avenue Condominium

Key facts from 36 Truman Avenue Condominium's documents

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

Community type

Condominium

Legal name

36 Truman Avenue Condominium

Developer / declarant

SAFETY SQUARE LLC

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration Article 1: 'submits the prop)

Assessments & dues

Board of Managers fixes budget annually and sends each Unit Owner a statement of common charges (By-laws Article VI Sec.2)

Special assessments

Board may levy special assessments for litigation costs and other purposes; levied and paid same as regular assessments (By-laws Article II Sec.5 item 10; Articl)

Collections & liens

Common charges constitute a lien prior only to tax liens and first mortgage liens. Foreclosure in like manner as mortgage. Board may foreclose after 90 days unpaid. (Declaration Article 12; By-laws Article )

Reserves & fees

Highest legal rate allowed on unpaid common charges from due date to payment (By-laws Article VI Sec.2; Declaration Ar)

Pets

Yes, subject to nuisance and disturbance rules (By-laws Article VIII Sec.3 (mentions 'pe)

Leasing & rentals

Yes, but subject to Board's right of first refusal. Any sale or lease in violation is voidable at Board's election. (By-laws Article X Sec.1)

Parking & vehicles

Commercial license plate vehicles may not be parked in the Community for more than 24 hours (By-laws Article VIII Sec.8(e))

Architectural approval

Prior written consent of Board required for exterior alterations and any interior structural alterations (Declaration Article 17(b); By-laws Artic)

Maintenance

Association responsibility (common expense) (By-laws Article III Sec.6: 'maintenance,)

Insurance

Physical damage insurance on common elements and Units initially at least $600,000; public liability insurance as Board determines (By-laws Article VII)

Use restrictions

Units restricted to residential occupancy (Declaration Article 17(j); By-laws Artic)

Voting & meetings

Each Unit Owner has one vote for each percentage of common interest (Declaration). Each Unit Owner has one vote per unit owned (By-laws). Declaration controls in conflict. (Declaration Article 8; By-laws Article I)

Amendments

Declaration Article 10: Amendments may require consent of all Unit Owners (partially legible). By-laws amendment procedure not fully readable. (Declaration Article 10; By-laws (page 22)

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