14 Old Nyack Tnpk Condominium

Key facts from 14 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 (Name: 14 Old Nyack Tnpk Condominium, Art)

Legal name

14 Old Nyack Tnpk Condominium

Developer / declarant

Joel Brach

Governing law

Article 9-B of the Real Property Law of the State of New York (Article 1: submission to Article 9-B of )

Assessments & dues

Board determines total amount needed for operation, prorated against Units according to their common interest (By-laws Article VI Section 2)

Special assessments

Levy and paid in same manner as regular assessments (By-laws VI Sec 2) (By-laws Article VI Section 2)

Collections & liens

Common charges unpaid constitute a lien on the Unit, prior to all except taxes and first mortgage. Foreclosure after 90 days from due date in accordance with Real Property Law. (Declaration Article 12; By-laws Article )

Reserves & fees

Monthly fee of not more than $15 per month (By-laws VI Sec 2) (By-laws Article VI Section 2)

Leasing & rentals

Yes, but subject to restrictions; sale or lease voidable if unpaid common charges or violation of restrictions (By-laws Article X Sec 1) (By-laws Article X Section 1)

Parking & vehicles

Commercial license plate vehicles may not be parked in Community for more than 24 hours (By-laws VIII Sec 6(e)) (By-laws Article VIII Section 6(e))

Use restrictions

Units restricted to residential occupancy in accordance with zoning regulations (Declaration 17(i)); All Units shall be used for residential purposes only (By-laws VIII Sec 2) (Declaration Article 17(i); By-laws Artic)

Voting & meetings

Each Unit Owner shall have one vote for each percentage of common interest set forth in EXHIBIT 'B' (Article 8). At Unit Owner meetings, each Unit appoints a Manager who votes (By-laws II Sec 5). (Declaration Article 8; By-laws Article I)

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