112 Route 306 Condominium

Key facts from 112 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

Legal name

THE 112 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 (the "Condominium Act") (Page 4, Section 2)

Assessments & dues

Board prepares and adopts annual budget detailing anticipated Common Expenses and sources of income, determines Common Charges and Special Assessments (By-Laws Section 2.4(A)(iv) and (v))

Special assessments

Defined as charges levied on Unit Owners pro-rata in accordance with Common Interests (Exhibit C Definition (33))

Collections & liens

Board may perfect a lien against a unit for unpaid Common Charges; voting rights suspended if lien is perfected (By-Laws Section 4.8(B))

Reserves & fees

Common Expenses include contributions to a reserve fund for capital replacements (Exhibit C Definition (7))

Leasing & rentals

Yes; units may be leased (right of first refusal in By-Laws Article 7.2) (By-Laws Article 7 (Selling and Leasing o)

Parking & vehicles

Limited common elements include parking spaces designated to units; driveway area provides ingress/egress for both 110 and 112 Route 306 condominiums, excluding six actual parking spaces (Declaration Section 8 and Section 15(e))

Architectural approval

Yes, for alterations, additions, improvements to units; Board approval required, and Board may impose conditions (By-Laws Section 5.2(A))

Maintenance

Unit Owner responsible for interior painting, decorating, maintenance, repairs to doors, windows, frames, exposed plumbing; Association responsible for Common Elements; Limited Common Element maintenance borne by owner with exclusive use (By-Laws Section 5.1 and Declaration Sect)

Insurance

Fire insurance with all risk extended coverage, vandalism, malicious mischief endorsements on building (including units and fixtures but not personal property) (By-Laws Section 5.4(A))

Use restrictions

Each unit may be used only in accordance with use permits, zoning, and Certificate of Occupancy; no more than one family per unit (Declaration Section 9)

Voting & meetings

Each unit owner (including Sponsor) casts one vote per unit owned; cumulative voting permitted; board members elected by plurality (By-Laws Sections 2.7 and 4.8)

Amendments

Declaration may be amended by 75% in number and common interest of Unit Owners, recorded with County Clerk; By-Laws amendment by majority of Unit Owners (Article 12.1) (Declaration Section 19; By-Laws Section )

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