12 Johanna Lane Condominium

Key facts from 12 Johanna Lane Condominium's documents

Reflects the 2013 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Declaration Article FIRST, submission to)

Legal name

12 Johanna Lane Condominium

Developer / declarant

Morris Grunfeld

Governing law

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

Assessments & dues

Board determines budget at least annually, prorates total annual sum among Units according to common interest percentages (By-laws Article VI Section 2)

Special assessments

Board may levy special assessments for necessary expenses, including litigation. While Sponsor in control, improvements >$2,500 require majority of Unit Owners excluding Sponsor. Borrowing >$10,000 requires 66-2/3% consent. (By-laws Article III Section 4(12) and (1)

Collections & liens

Unpaid common charges constitute a lien on the unit, prior to all liens except tax and first mortgage. Foreclosure possible. Board may purchase unit at foreclosure. (Declaration Article TWELFTH, By-laws Art)

Reserves & fees

$15 additional charge to cover additional burden of lack of timely payment (By-laws Article VI Section 2)

Pets

Pets are permitted (reference to 'guests and their pets') (By-laws Article VIII Section 3)

Leasing & rentals

Yes, but subject to Board's right of first refusal; sale or lease voidable if unpaid common charges not paid (By-laws Article XI Section 1)

Parking & vehicles

Commercial license plate vehicles may not be parked in the Community for a period in excess of 24 hours (By-laws Article VIII Section 8(e))

Architectural approval

Board must respond within 60 days; failure to respond means no objection (Declaration Article SEVENTEENTH (c), By-)

Maintenance

Board responsible for common elements (exterior walls, roof, public utility lines in common elements, snow plowing for roadways). Unit Owner responsible for interior maintenance, repairs, replacements to Unit (windows, doors, heating/AC, pi (By-laws Article III Section 5)

Insurance

Board shall obtain fire insurance with extended coverage, water damage, malicious mischief, insuring Building, improvements, fixtures, equipment; also public liability insurance in limits determined by Board. Initial fire insurance amount a (By-laws Article VII Section 1)

Use restrictions

Occupancy restricted to Residential Occupancy in accordance with applicable zoning regulations (Declaration Article SEVENTEENTH (i), By-)

Voting & meetings

Each Unit Owner has one vote for each percentage of common interest set forth in Exhibit B (Declaration Article EIGHTH)

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