27 Calvert Estates Condominium

Key facts from 27 Calvert Estates Condominium's documents

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

Community type

condo (Document title and governing statute)

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration, p. F-1, Section 26)

Assessments & dues

Board prepares and adopts an annual budget, then determines Common Charges and Special Assessments (By-Laws Section 2.4(B)(iv)-(v))

Special assessments

Yes, Board may levy Special Assessments (By-Laws Section 2.4(B)(v))

Reserves & fees

Board may establish reserves; limited to 12-month contingency reserve not exceeding 10% of budgeted operating expenses for first 3 years unless certain exceptions (By-Laws Section 2.4(B)(xvi), 2.5(B))

Voting & meetings

Each Unit Owner entitled to one vote per percentage of interest owned; cumulative voting allowed (By-Laws 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.