33 Phyllis Terrace Condominium

Key facts from 33 Phyllis Terrace Condominium's documents

Reflects the 2024 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article 1, page 2: 'submitted to the pro)

Legal name

33 PHYLLIS TERRACE CONDOMINIUM

Units / lots

Not explicitly stated; Exhibit B appears to list units but text is garbled (Exhibit B, page 26)

Developer / declarant

B&C REAL ESTATE LLC

Governing law

Article 9-B of the Real Property Law of the State of New York (Article 1, page 2)

Assessments & dues

Determined annually by Board based on budget; payable monthly in advance (By-Laws Article VI Section 2, page 18-19)

Special assessments

Allowed; levied in same manner as regular assessments (By-Laws Article VI Section 2, page 19: ')

Collections & liens

Unpaid common charges become a lien on the Unit, enforceable by foreclosure in the same manner as a mortgage (Declaration Article 12, page 7: 'togethe)

Reserves & fees

Interest at maximum amount permitted by New York State from due date (By-Laws Article IX, page 23: 'said sum s)

Parking & vehicles

Commercial license plate vehicles may not be parked in the Community for more than 24 hours unless waiver from Board (By-Laws Article VIII Section 8(e), page )

Architectural approval

Written consent of Board required for: any exterior alterations to Unit, any structure on common elements or restricted common elements, and interior alterations impairing structural soundness (Declaration Article 17(b), page 8; By-La)

Maintenance

Board responsible for common elements (includes roof). (Definition of Common Elements, page 5: ')

Insurance

Fire insurance with extended coverage, water damage, vandalism, malicious mischief endorsements, insuring Building including all Units, improvements, fixtures, equipment, etc., to full replacement value (By-Laws Article VII Section 1, page 20)

Use restrictions

Occupancy restricted to Residential Occupancy in accordance with zoning ordinances (Declaration Article 17(i), page 9: 'Occu)

Voting & meetings

Each Unit Owner casts one vote per Unit owned at Unit Owners meetings. For elections of Board, each Unit Owner one vote per percentage of common interest. (By-Laws Article II Section 2, page 11: ')

Amendments

Declaration: amended by instrument executed by Unit Owners upon 66-2/3% vote in number, with consent of mortgagees representing 51% if material adverse. By-Laws: amended at Unit Owners meeting by 66-2/3% in number and common interest, recor (Declaration Article 10, page 6-7; By-Law)

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