43 Mezritch Road Condominium

Key facts from 43 Mezritch Road Condominium's documents

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

Community type

Condominium (CONDOMINIUM DECLARATION)

Legal name

43 MEZRITCH ROAD CONDOMINIUM

Developer / declarant

NACHLAS YOSROEL LLC (DECLARANT: NACHLAS YOSROEL LLC)

Governing law

Article 9-B of the Real Property Law of the State of New York (PURSUANT TO ARTICLE 9-B … OF THE REAL PR)

Assessments & dues

Board prepares annual budget and determines Common Charges and Special Assessments (to prepare and adopt a budget … to deter)

Special assessments

Defined; limitations during Sponsor control: cannot assess Special Assessments for reserves exceeding 5% of estimated Common Expenses; after sponsor control, reserves limited to 10% of budgeted operating expenses for 12-month contingency (Special Assessments … charges allocated )

Architectural approval

Yes for alterations, additions, improvements to any part of Property allocated to Unit (including limited common elements); interior alterations apparently allowed without approval (Each Unit Owner shall have the right to )

Insurance

Fire insurance with extended coverage, vandalism and malicious mischief endorsements; comprehensive general liability insurance with minimum $500,000 aggregate until first meeting (fire insurance policies with all RQ … ex)

Use restrictions

Yes; only one family per unit (not more than one family may occupy a Un)

Voting & meetings

One vote per percentage of interest owned; cumulative voting allowed (each Unit Owner will be entitled to cast)

Amendments

Requires vote of all Unit Owners; material amendments require consent of 51% of eligible mortgage holders (This Declaration may be amended by the v)

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