14 Maple Leaf Condominium

Key facts from 14 Maple Leaf Condominium's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Page 1 (header: '14 Maple Leaf Road Cond)

Legal name

14 Maple Leaf Road Condominium

Developer / declarant

14 Maple Leaf LLC (Page 2 (Declarant line and signature blo)

Governing law

Article 9-B of the Real Property Law of the State of New York (Page 2 (first paragraph) and Article 1)

Assessments & dues

Not fixed; Board determines budget and levies common charges annually. (By-Laws Article VI Section 2)

Special assessments

Allowed; levied and paid in the same manner as regular common charges. (By-Laws Article VI Section 2)

Collections & liens

Unpaid common charges constitute a lien on the Unit, prior to all liens except taxes and first mortgage. Foreclosure allowed when past due, in like manner as mortgage foreclosure. Board may purchase Unit at foreclosure sale. (Declaration Article 12; By-Laws Article )

Reserves & fees

Interest at maximum rate permitted by New York State from due date. (By-Laws Article IX (Default section))

Pets

Yes, but owners, families, guests and their pets shall not use premises in any manner that is illegal, disturbing, or a nuisance. (By-Laws Article VIII Section 3)

Leasing & rentals

Yes, but Unit Owner must pay all unpaid common charges before conveying, mortgage, pledge, hypothecate, sell, or lease. Board has right of first refusal to buy Unit for sale. Leasing is not expressly restricted but charges must be paid. (By-Laws Article X (right of first refusa)

Architectural approval

Yes; no improvements, alterations, or additions on common elements or restricted common elements without written consent of Board. No alterations to inside of a Unit without written consent of Board. No alteration of landscaping on Common E (By-Laws Article VIII Sections 7 and 8(d))

Insurance

Board shall obtain and maintain fire and casualty insurance on the building (including all Units and improvements initially installed by Sponsor) with standard mortgagee clause. Minimum initial amount $600,000. Also public liability insuran (By-Laws Article VII)

Use restrictions

Yes; all Units shall be used for residential purposes only. (Declaration Article 17(i); By-Laws Artic)

Voting & meetings

Each Unit Owner has one vote for each percentage of common interest (weighted by common interest percentage); each unit appoints a Manager who votes at meetings. (Declaration Article 8; By-Laws Article I)

Amendments

Amendments require at least 66 2/3% of unit votes, recorded in County Clerk's office. Material adverse changes to first-lien mortgagees require approval of mortgagees representing 51% of unit votes (one vote per first mortgage owner). (Declaration Article 10; By-Laws Article )

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