52 Herbert Street Condominium HOA Inc.

Key facts from 52 Herbert Street Condominium HOA Inc.'s documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Declaration title and Article 2 submissi)

Units / lots

12 (8 residential + 4 storage) (Exhibit B lists 8 residential units (1A,)

Developer / declarant

52 Herbert Villa LLC (Declarant line at beginning of Declarati)

Governing law

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

Special assessments

Allowed by Condominium Board (By-Laws Section 6.1(c) (from Table of Co)

Reserves & fees

May be established for operating reserve, working capital, replacements, or deficit (Exhibit C (8) definition of Common Expen)

Leasing & rentals

Yes, subject to Right of First Refusal and other terms in By-Laws Article 7 (By-Laws Article 7 (Table of Contents: Se)

Maintenance

Common maintenance by Association; unit owners responsible for interior of their units (implied by Article 6 and 7) (Declaration Article 6 (unit dimensions) )

Use restrictions

Each Unit may be used per local law and Certificate of Occupancy; not more than one family (Declaration Article 9(a))

Voting & meetings

Each unit has votes equal to its Common Interest percentage (By-Laws Section 4.8: 'voting power of ea)

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