181 Route 306 Condominium

Key facts from 181 Route 306 Condominium's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

181 ROUTE 306 CONDOMINIUM

Units / lots

3 residential units, each containing an accessory apartment (Declaration, Article 4, page 4)

Developer / declarant

LEBOBERG DEVELOP L DB

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration, page 1)

Assessments & dues

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

Special assessments

Allowed; defined in By-Laws Section 6.1(C) and Exhibit C definition (33) (By-Laws Section 6.1 and Exhibit C, page )

Reserves & fees

Twelve-month reserve for contingencies up to 15% of budgeted operating expenses allowed; other reserves may be established by unit owner vote (By-Laws Section 2.5(B)(iv), page 28)

Architectural approval

Interior alterations allowed without consent; alterations to allocated property require written Board consent; exterior alterations require Board approval if design differs from original (By-Laws Section 5.2(A)(i),(ii),(v))

Maintenance

Unit Owner: interior of unit (walls, ceilings, floors, fixtures, windows, doors, plumbing, heating) and exterior glass. Association: Common Elements. Limited Common Elements (decks/patios) – responsibility not explicitly assigned. (By-Laws Section 5.1(A))

Insurance

Fire insurance (replacement cost) covering Building including Units and improvements; comprehensive general liability; workers compensation; boiler and machinery (By-Laws Section 5.4(A) and (B))

Voting & meetings

Each Unit Owner casts one vote per percentage of Common Interest; cumulative voting allowed in Board elections (By-Laws Section 4.8 and 4.9)

Amendments

By 66 2/3% of Unit Owners; material changes affecting mortgages require mortgagee consent; Sponsor may amend for floor plans without vote (Declaration, Article 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.