108 Route 306 Condominium

Key facts from 108 Route 306 Condominium's documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Title and Section 2)

Legal name

THE 108 ROUTE 306 CONDOMINIUM

Developer / declarant

Route 306 Home Builders LLC

Governing law

Article 9-B of the Real Property Law of the State of New York (Preamble)

Special assessments

Board may levy special assessments for deficits, capital improvements, etc., subject to board and unit owner approval for borrowing >$25,000. (By-Laws §2.4(vi) and §5.5)

Collections & liens

Condominium may lien for unpaid common charges; remedies include self-help, abatement, injunction, and recovery of costs and expenses including attorneys fees. (By-Laws Article 9 (§§9.1-9.4))

Reserves & fees

Board may establish a general operating reserve or reserve fund for replacements. (By-Laws §2.4(v) and Declaration Exhibit )

Leasing & rentals

Leasing is permitted; but subject to right of first refusal (Article 7 of By-Laws) and other restrictions. (Declaration §9 and By-Laws Article 7 (Se)

Home business

Any unit may be partially used as a professional office by the owner of such unit only. (By-Laws §5.7(A))

Use restrictions

Residential use only; each unit may be occupied by one family only (owner and immediate family); professional office by owner permitted on a partial basis. (Declaration §9 and By-Laws §5.7)

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