27 Old Nyack Condominium

Key facts from 27 Old Nyack Condominium's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Passim, e.g., '27 OLD NYACK CONDOMINIUM')

Legal name

27 OLD NYACK CONDOMINIUM

Developer / declarant

23 OLD NYACK TRL

Governing law

Article 9-B of the Real Property Law of the State of New York (Page 1: 'PURSUANT TO ARTICLE 9-B OF THE )

Special assessments

Yes, defined and may be levied for deficiencies in casualty/condemnation or for capital improvements with 75% Unit Owner approval if over $5,000 (By-laws Section 6.1 (via reference in Ex)

Collections & liens

Notices of unpaid Common Charges and default required to Permitted Mortgagees; no explicit lien foreclosure provisions but borrowing may create liens on Units with Owner consent (By-laws Article 8; Section 2.4(vi)(c): ')

Reserves & fees

Special Assessments for reserve creation require Sponsor consent during control period and 75% Unit Owner approval after control (By-laws Section 2.5(ii) and Section 2.5()

Voting & meetings

Each Unit Owner has one vote per Unit owned; in Board elections each Unit Owner elects one Board Member (By-laws Section 4.8: 'Each owner of a Un)

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