26 Phyllis Terrace Condominium

Key facts from 26 Phyllis Terrace Condominium's documents

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

Community type

Condominium

Legal name

26 PHYLLIS TERRACE CONDOMINIUM

Developer / declarant

26 PHYLLIS TERR LLC (Declaration, p. 1)

Governing law

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

Assessments & dues

Board of Managers determines and levies monthly assessments (common charges) to cover common expenses, payable in advance; may increase or vote special assessment as needed (Bylaws Article III Section 5 item 1, p. )

Special assessments

Allowed when required to meet additional necessary expenses (Bylaws Article III Section 5 item 1, p. )

Collections & liens

Unpaid common charges constitute a lien on the Unit, prior to all liens except tax and first mortgage liens; may be foreclosed like a mortgage (Declaration Article 12, p. 6; Bylaws Art)

Reserves & fees

Not more than $15 (Bylaws Article VI Section 2, p. 18)

Pets

Pets allowed, but must not be used in a manner that is illegal, disturbing, or a nuisance (Bylaws Article VIII Section 3, p. 20)

Leasing & rentals

Yes, but all unpaid common charges must be paid prior to lease, and sale/lease may be voidable if not paid (Bylaws Article XI Section 1, p. 22)

Parking & vehicles

Commercial license plate vehicles may not be parked in the Community for a period in excess of 24 hours (Bylaws Article VIII Section 8(e), p. 21)

Use restrictions

Occupancy restricted to Residential Occupancy in accordance with applicable zoning regulations (Covenants and Restrictions (i), p. 9)

Voting & meetings

Each Unit Owner shall have one vote for each percentage of common interest set forth in EXHIBIT B (Declaration Article 9, p. 6)

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