28 Butterman Place Condominium

Key facts from 28 Butterman Place Condominium's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

28 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; THIRD: De)

Assessments & dues

Not set; determined annually by Board budget (By-laws Article VI Sec. 2: Board shall f)

Special assessments

May be levied in same manner as regular assessments (special assessments, should such be required, shall be levied and paid in the same manner). (By-laws Article VI Sec. 2 (sentence on s)

Collections & liens

Unpaid common charges constitute a lien on the Home, prior only to tax liens and first mortgage liens. Lien may be foreclosed when 90 days past due in same manner as mortgage. Purchaser at foreclosure is not liable for prior owner's unpaid (Declaration TWELFTH; By-laws Article VI )

Reserves & fees

Board may create a surplus fund; Sponsor's consent required during control period. (By-laws Article III Sec. 5(d)(ii): charg)

Leasing & rentals

Yes, subject to Article XI of By-laws. Right of first refusal for Board. Minimum lease term of one month. No sublease without Board consent. (By-laws Article XI, Sec. 1.1, 1.2, 1.4(C)

Architectural approval

Yes, written consent of Board required for exterior alterations, any structure on common elements, and interior alterations impairing structural soundness. (Declaration SEVENTEENTH(b); By-laws Arti)

Insurance

Fire insurance with extended coverage, water damage, vandalism and mischief endorsements; full replacement value of building and fixtures. Initial minimum $3,000,000. (By-laws Article VII Sec. 1)

Use restrictions

All Homes shall be used for residential purposes only. (By-laws Article VIII Sec. 2: All Homes s)

Voting & meetings

Each Home Owner has one vote per percentage of common interest (as shown in Exhibit A). Vote may be cast in person or by proxy. (Declaration EIGHTH; By-laws Article II S)

Amendments

Declaration may be amended by 80% of Home Owners in number and common interest, with consent of first mortgagees of those homes. By-laws may be amended at duly called Home Owners meeting. (Declaration TENTH(b) and (c); By-laws Ar)

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