1 Butterman Place Condominium

Key facts from 1 Butterman Place Condominium's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

1 Butterman Place Condominium

Developer / declarant

Wiener Drive Condominiums, LLC

Governing law

Article 9-B of the Real Property Law of the State of New York (FIRST; Submission of Property)

Assessments & dues

Board shall from time to time annually fix and determine the budget representing the sum or sums necessary for common expenses, and shall assess each Home Owner pro rata according to common interest (By-laws Article VI §2)

Special assessments

Board may levy special assessments in same manner as regular assessments (By-laws Article VI §2)

Collections & liens

Unpaid common charges constitute a lien on the Home prior to all liens except tax liens and first mortgage liens; may be foreclosed in like manner as a mortgage on real property (TWELFTH: Common Charges; By-laws Article)

Reserves & fees

Monthly fee of not less than $25.00, or 15% of the monthly common charge, whichever is greater (By-laws Article VI §2 (exact language ma)

Leasing & rentals

Any Home may be leased by its Home Owner free of any restrictions except that all unpaid common charges must be paid first (or paid from proceeds or by grantee) (By-laws Article XI §1)

Parking & vehicles

6 parking spaces allocated at front of building; one parking space for each unit on a first come basis (Architect's Report – 'There are 6 parkin)

Architectural approval

Board must answer within 60 days of receipt by certified mail; failure to answer within 60 days means no objection (SEVENTEENTH (b))

Voting & meetings

One vote for each percentage of common interest (EIGHTH: Common Interest)

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