Tennyson Terrace (NY)

Key facts from Tennyson Terrace (NY)'s documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Tennyson Terrace Condominium) (Article I Definitions; 'Condominium or C)

Governing law

Article 9-B of the Real Property Law of the State of New York (Page 4180, 'PURSUANT TO ARTICLE 9-B OF T)

Assessments & dues

Board prepares budget at least 60 days before fiscal year; copy delivered to Owners at least 15 days before meeting; budget and common charges become effective unless disapproved by a majority of total membership at the meeting. If disappro (Section 5.03)

Special assessments

Allowed. Up to 20% of total common charges per fiscal year may be imposed by Board without hearing or member approval. Above that requires hearing (Section 4.12) and approval: for capital improvements – majority of Members present at specia (Section 5.09)

Collections & liens

Unpaid assessments become automatic continuing lien on the unit; Board may file Notice of Lien but filing not required to create lien; Board may accelerate installments and foreclose. Personal obligation of owner. Lien subordinate to first (Sections 5.01, 5.10, 5.14)

Reserves & fees

Budget includes capital contribution for reserve fund; not less than reasonable requirements of lenders; surplus may be carried forward (Section 5.12). (Sections 5.03, 5.12)

Pets

Not explicitly stated; Section 10.11 'Animals, Birds and Insects' exists but text not extracted; presumed subject to rules. (Section 10.11 (title only))

Leasing & rentals

Not explicitly stated; 'Transient Tenants' (Section 10.15) suggests restrictions, but text not extracted. (Section 10.15 (title only))

Parking & vehicles

Section 10.17 'Snowmobiles' and Section 10.?? 'Trailers' not fully extracted; likely restricted. (Section 10.17 (title only))

Fences

Section 10.02 'Protective Screening and Fences' restricts; fences initially installed by Sponsor maintained by Condominium (Section 6.01). (Sections 10.02, 6.01)

Architectural approval

Yes; Board of Managers approval required for any exterior addition, modification, alteration (including landscaping) after transfer of title from Sponsor. Only exception: categories specifically exempted by rules. (Sections 7.01, 7.02)

Home business

Not explicitly restricted beyond residential use; Section 10.07 implies no commercial dwelling units. (Section 10.07)

Signs & flags

Restricted: 'Advertising and Signs' (Section 10.01). (Section 10.01)

Maintenance

Condominium responsible; not responsible for damage to unit or contents from water leaks. (Section 6.01 (chart))

Insurance

Condominium shall obtain property insurance covering Condominium Property, liability insurance, workers' compensation, etc. (Section 9.01). Specific coverages not detailed. (Section 9.01)

Use restrictions

Yes; 'Residential Use Only' (Section 10.10) and 'Dwelling in Other Than Residential Units' prohibited (Section 10.07). (Sections 10.10, 10.07)

Voting & meetings

Each Owner (including Sponsor) entitled to one vote. Sponsor has exclusive control over initial board and until transfer of at least 4 Units or 5 years after recording. Members may vote by proxy (Section 3.06). Institutional first mortgagee (Sections 3.03, 3.06; Section 3.07 allows)

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