410 Fenimore Condominium Inc.

Key facts from 410 Fenimore Condominium Inc.'s documents

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

Community type

Condominium (Article 5: The Condominium shall be know)

Units / lots

6 (tax lots 1401-1406) (Cover page, Article 3: Lots 1401 — 1406)

Governing law

Article 9-B of the Real Property Law of the State of New York (Condominium Act) (Declaration preamble; Article 2)

Assessments & dues

Condominium Board adopts annual budget; Common Charges assessed pro rata based on Common Interests of each Unit. (By-Laws Section 6.1; Declaration Article)

Special assessments

Permitted with approval of Majority of Unit Owners (By-Laws Section 6.1(C)). During Sponsor Control Period, Sponsor's Veto Rights apply for certain purposes. (By-Laws Section 6.1(C); Section 2.7)

Collections & liens

Condominium Board may file lien against a Unit for unpaid Common Charges and may foreclose. (By-Laws Section 6.4)

Reserves & fees

At least 10% of budget for Capital Replacement reserve; Condominium Board may accumulate additional reserves. (By-Laws Section 2.7 (minimum ten percent)

Leasing & rentals

Yes, leasing is permitted. By-Laws Article 7 covers selling and leasing of Units. (By-Laws Article 7 (Selling and Leasing o)

Fences

Not specifically addressed; but any alterations to Limited Common Elements (e.g., yards) require Board approval. (Article 12; Article 7(B)(ii))

Maintenance

Roof is a Common Element; maintained by Condominium Board. (Declaration Article 7(A)(ii) includes ro)

Use restrictions

Units may be used only in accordance with local law and certificate of occupancy; not more than one family per unit. (Declaration Article 9)

Voting & meetings

Voting proportional to Common Interest (percentages per unit). Each unit owner votes in proportion to Common Interest. (Declaration Article 8; Exhibit B lists C)

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