1 Jeffrey Place Condominium

Key facts from 1 Jeffrey Place Condominium's documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

1 JEFFREY PLACE CONDOMINIUM

Developer / declarant

BRUCHA ESTATES LLC

Governing law

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

Assessments & dues

Board determines annual budget and levies monthly assessments according to common interest percentages (By-laws Article VI Section 2)

Special assessments

Allowed; levied and paid same as regular assessments; may be for litigation costs (By-laws Article VI Section 2; Article II)

Collections & liens

Unpaid common charges become a lien on the unit, prior to all liens except taxes and first mortgages; may be foreclosed like a mortgage (Declaration TWELFTH; By-laws Article VI )

Reserves & fees

Operating Account and Other Accounts maintained (By-laws Article VI Sections 6, 7)

Pets

Implicitly allowed; owners, guests, and their pets shall not cause nuisance (By-laws Article VIII Section 3)

Leasing & rentals

Yes, with right of first refusal to Board; lessee must comply with documents (By-laws Article XI Section 1)

Use restrictions

Occupancy of Units restricted to residential use; all Units for residential purposes only (Declaration SEVENTEENTH(i); By-laws Arti)

Voting & meetings

Each unit owner has one vote per percentage of common interest set forth in Exhibit B (Declaration); also each unit owner has one vote for each unit owned (By-laws). Conflict exists; Declaration controls per By-laws XIII.8. (Declaration EIGHTH; By-laws Article II S)

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