125 Route 306 Condominium

Key facts from 125 Route 306 Condominium's documents

Reflects the 2010 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title: '125 ROUTE 306 CONDOMINIUM' and t)

Legal name

125 ROUTE 306 CONDOMINIUM

Developer / declarant

JACOB HASS

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration Article 1, page 3: 'Article )

Assessments & dues

Board determines and levies monthly assessments to cover common expenses, payable in advance (By-laws Article III Section 5(1): 'To de)

Special assessments

Allowed; Board may vote a special assessment if required; levied pro-rata according to common interest (By-laws Article III Section 5(1): 'The B)

Collections & liens

Board may foreclose lien after 90 days non-payment; lien includes common charges, interest, costs, attorney's fees; priority subject to first mortgage (By-laws Article VI Section 2: 'The Board)

Reserves & fees

Interest at maximum amount permitted by New York State; also reasonable costs and attorney's fees (By-laws Article IX: 'if the owner of a U)

Leasing & rentals

Yes, but subject to restrictions (By-laws Article XI: 'Sale of Units' and )

Architectural approval

Yes, for exterior alterations and interior alterations impairing structural soundness; written consent of Board required (Declaration Article 17(b): 'No alteratio)

Maintenance

Board responsible (part of common elements) (By-laws Article III Section 6: 'repairs )

Insurance

Fire insurance covering building and improvements, minimum $600,000 initially; public liability insurance $1,000,000 single limit initially (By-laws Article VII Section 1: 'fire ins)

Use restrictions

Yes (By-laws Article VIII Section 2: 'All Uni)

Voting & meetings

Each Unit Owner shall have one vote for each percentage of common interest set forth in EXHIBIT B (which shows 38% for Basement and 62% for First Floor) (Article 8: 'Each Unit Owner shall have o)

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