14 Youmans Condominium

Key facts from 14 Youmans Condominium's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Document title and Article 2: 'submits t)

Legal name

14 Youmans Condominium

Developer / declarant

14 Youmans

Governing law

Article 9-B of the Real Property Law of the State of New York (Preamble and Article 2)

Assessments & dues

Board adopts budget and determines Common Charges and Special Assessments. (By-Laws Section 2.4(iv) and (v))

Special assessments

Board may levy Special Assessments pro-rata per Common Interest; certain limitations during Sponsor control. (Exhibit C Definition 32; By-Laws Section)

Collections & liens

Board may file lien for unpaid Common Charges; priority of assessment liens; mortgagee notice of default. (Declaration Article 19(b)(ii); By-Laws S)

Reserves & fees

Board may establish reserve funds; during Sponsor control, special assessments for reserves require Sponsor consent unless required by law or health/safety. (By-Laws Section 2.5(ii) and Section 2.6()

Home business

Any Unit may be partially used as a professional office by the owner of such unit only. (By-Laws Section 5.7(A))

Use restrictions

Not more than one family may occupy a Unit; use must be in accordance with local law and Certificate of Occupancy. (Declaration Article 9; By-Laws Section 5)

Voting & meetings

Each Unit Owner casts one vote per unit; in Board elections, each Unit Owner elects one Board Member. Sponsor or its designee votes as long as it owns Unsold Units. (By-Laws Section 4.9(A) and 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.