126 Route 306 Condominium

Key facts from 126 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 126 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 (Condominium Act) (Declaration, first page)

Assessments & dues

Condominium Board determines Common Charges and Special Assessments via budget preparation and assessment (By-Laws, Section 2.4(iv) and (v))

Special assessments

Board may levy Special Assessments for common expenses, including casualty/condemnation shortfalls (By-Laws, Section 5.5(C))

Collections & liens

Board may perfect a lien on a unit for unpaid common charges; vote of unit owner with perfected lien excluded from voting (By-Laws, Section 4.8(B))

Use restrictions

Each Unit may be used only as a residence by the Owner and members of the immediate family; not more than one family per unit (Declaration, Section 9)

Voting & meetings

Each Unit Owner (including Sponsor for unsold units) casts one (1) vote per unit owned (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.