12 Old Nyack Tnpk Condominium

Key facts from 12 Old Nyack Tnpk Condominium's documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article 4, Declaration)

Legal name

12 Old Nyack Tnpk Condominium

Developer / declarant

Joel Brach, Managing Member of 18 Old Nyack LLC, having an address at 29 Chevron Road, Monroe, NY 10950 (Declaration, preamble; Amendment, Page 1)

Governing law

Article 9-B of the Real Property Law of the State of New York (Article 1, Declaration; Article 1, By-la)

Assessments & dues

Board of Managers determines common charges and may levy special assessments. (By-laws Article II Section 5(2) and (10))

Special assessments

Board may levy special assessments to pay for litigation costs etc. (By-laws Article II Section 5(10))

Collections & liens

Unpaid common charges constitute a lien on the unit prior to all liens except taxes and first mortgage. Foreclosure may occur after 90 days past due, in manner of mortgage foreclosure. (Declaration Article 12; By-laws Article )

Reserves & fees

Interest at maximum rate permitted by New York from due date; Board may also collect additional charges. (By-laws Article VI Section 2; Declaratio)

Pets

Pets allowed but must not be illegal, disturbing, or a nuisance to other owners. (By-laws Article VII Section 3)

Leasing & rentals

Leasing allowed subject to right of first refusal and payment of unpaid common charges. Sale or lease in violation voidable at Board's election. Right of first refusal: Seller must inform Board 30 days prior to closing; Board has 15 days to (By-laws (Selling and Leasing Units secti)

Parking & vehicles

Commercial license plate vehicles may not be parked in the Community for more than 24 hours. Common elements shall not be obstructed. (By-laws Article VII Section (e) (within )

Voting & meetings

Each Unit Owner has one vote for each percentage of common interest set forth in Exhibit B. Each Unit appoints a Manager to vote in person or by proxy. Majority of votes present decides questions unless otherwise required. (Declaration Article 8; By-laws Article I)

Amendments

By-laws may be amended by 66 2/3% of Unit Owners in number and common interest, with notice of amendment, and recorded amendment to Declaration. Material adverse changes to first-lien mortgagees require consent of mortgagees holding at leas (By-laws Article X; Declaration Article 1)

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