122 Route 306 Condominium

Key facts from 122 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 (Declaration title: 'THE 122 ROUTE 306 CO)

Legal name

THE 122 ROUTE 306 CONDOMINIUM

Developer / declarant

Route 306 Home Builders, LLC, with an address at 5 Hana Lane, Monsey, New York 10952 (Declaration opening: 'Route 306 Home Bui)

Governing law

Article 9-B of the Real Property Law of the State of New York (Condominium Act) (Declaration Section 2: 'submits the land)

Assessments & dues

Board prepares and adopts an annual budget, determines Common Charges and Special Assessments to cover Common Expenses. (By-Laws Section 2.4(A)(iv)-(v))

Special assessments

Special Assessments may be levied by the Condominium Board in accordance with the By-Laws. (Exhibit C definition (33): 'Special Asse)

Collections & liens

The Condominium Board may perfect a lien on a Unit for unpaid Common Charges or Special Assessments. (By-Laws Section 4.8(B) refers to a perfe)

Reserves & fees

Common Expenses may include establishment and maintenance of a general operating reserve or reserve fund for replacements. (Exhibit C definition (7): 'Common Expens)

Leasing & rentals

Leasing of units is addressed in By-Laws Article 7, including a Right of First Refusal. (By-Laws Article 7 table of contents; Sec)

Architectural approval

Prior written approval of the Condominium Board is required for any alteration, addition, improvement, or change to a Unit. (Declaration Section 10(a); By-Laws Secti)

Home business

A Unit may be partially used as a professional office by the unit owner only. (By-Laws Section 5.7(A))

Use restrictions

Each Unit may be used in accordance with the use permitted by local law and the Certificate of Occupancy, and not more than one family at a time. Partially may be used as a professional office by the owner only. (Declaration Section 9; By-Laws Section 5)

Voting & meetings

Each unit owner (including Sponsor for unsold units) entitled to cast one vote per unit owned at meetings of Unit Owners. (By-Laws Section 4.8(A))

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