139 Route 306 Condominium

Key facts from 139 Route 306 Condominium's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

THE 139 ROUTE 306 CONDOMINIUM

Units / lots

Tax Map Section 49.19, Block 2, Lots 5.2 & 5.3 (Page 1, Tax Map description)

Developer / declarant

306 HOLDINGS, LLC

Governing law

Article 9-B of the Real Property Law of the State of New York (Condominium Act) (Page 1, Declaration preamble)

Assessments & dues

Condominium Board determines Common Charges and Special Assessments based on an annual budget (Section 2.4(A)(iv)-(v) and Article 6 of )

Special assessments

Allowed; Condominium Board may levy Special Assessments against Unit Owners in proportion to Common Interest (Section 2.4(A)(v) and Section 6.1)

Collections & liens

Condominium Board may file a lien on a Unit for unpaid Common Charges, interest, and costs; may foreclose on such lien (Section 6.2 and Section 6.4)

Reserves & fees

Condominium Board shall establish and maintain reasonable reserves for maintenance, repair, and replacement of Common Elements (Section 2.4(A)(ii) of By-Laws)

Leasing & rentals

Yes, but subject to Right of First Refusal and other provisions in Article 7 of By-Laws (Article 7 of By-Laws: Selling and Leasin)

Architectural approval

For structural alterations, improvements or additions, approval of Condominium Board required; interior non-structural changes allowed without approval provided they do not affect other units (Section 10 of Declaration and Section 5.)

Maintenance

Unit Owner responsible for all painting, decorating, maintenance, replacements within Unit (including walls, ceilings, floors, fixtures, doors, exposed plumbing, etc.); Condominium Board responsible for Common Elements and Limited Common El (Section 5.1(A) and (C) of By-Laws)

Insurance

Deductible amounts as determined by Condominium Board (Section 5.4(C) of By-Laws)

Use restrictions

All units designated as 'Residential' in Exhibit B (Exhibit B: "Usage: Residential" for all )

Voting & meetings

Each Unit Owner casts one (1) vote per unit owned; cumulative voting allowed for Board elections (Section 2.7: "each owner of a Residentia)

Amendments

Declaration may be amended by vote of at least 75% in number of all Unit Owners and 75% in Common Interest; By-Laws may be amended by vote of at least 66-2/3% of Unit Owners in number and Common Interest (Section 19 of Declaration and Article 12)

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