130 Route 306 Condominium

Key facts from 130 Route 306 Condominium's documents

Community type

Condominium

Legal name

THE 130 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 recital)

Assessments & dues

Common Charges determined pro-rata based on Common Interest after budget adoption by Board (By-Laws Section 2.4(iv)-(v) and Definiti)

Special assessments

Board may levy Special Assessments pro-rata per Common Interest (By-Laws Section 2.4(v) and Definition 33)

Collections & liens

Board may perfect lien for unpaid common charges; foreclosure remedies available (By-Laws Section 4.8(B) and Section 8.3)

Reserves & fees

Reserve fund for deficits mentioned in definition of Common Expenses (Exhibit C Definition 7)

Leasing & rentals

Allowed subject to Right of First Refusal (By-Laws Article 7 (Selling and Leasing o)

Architectural approval

Board approval required for alterations affecting structure or requiring permits (By-Laws Section 5.2)

Home business

Professional office permitted in unit by owner (By-Laws Section 5.7(A) 'Any Unit may be )

Maintenance

Roof is part of Common Elements (likely Board responsibility) (Declaration Section 7 lists roofs as Com)

Insurance

Board obtains fire insurance with extended coverage, vandalism, malicious mischief, covering building, fixtures, but not personal property of owners (By-Laws Section 5.4(A))

Use restrictions

Units may be used per local law and certificate of occupancy; professional office allowed by owner (By-Laws Section 5.7(A))

Voting & meetings

One vote per unit owned; after initial control period, each unit owner may designate one board member (By-Laws Section 4.8(A) and Section 4.9(A)

Amendments

Declaration amendment requires 75% in number of all Unit Owners; no amendment impairing mortgagee rights; must be recorded (Declaration Section 19)

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