11 Anthony Drive Condominium

Key facts from 11 Anthony Drive Condominium's documents

Community type

Condominium

Legal name

11 Anthony Drive Condominium

Developer / declarant

11 Anthony Le

Governing law

Article 9-B of the Real Property Law of the State of New York (Condominium Act) (PAGE 1, Declaration preamble)

Special assessments

Allowed; Board may levy Special Assessments for deficiencies, capital improvements, etc. (Section 2.4(v), Section 5.5(C), PAGE 24-)

Collections & liens

Board may place a lien on a Unit for unpaid Common Charges; voting suspended if lien exists (Section 4.8(B), PAGE 35)

Reserves & fees

General operating reserve and reserve fund for replacements established; 75% approval required for special assessments for reserves (Exhibit C Definition (7) and Section 2.5)

Leasing & rentals

Yes, full Unit leasing permitted; no transient occupants (Section 5.7 (no transient occupant) and )

Architectural approval

Board approval required for alterations, additions, or improvements in or to Units; work costing over $5,000 in a calendar year requires additional Unit Owner and mortgagee approval (Section 5.2 and 5.3, PAGE 37-38)

Home business

Professional office allowed for owner only (Section 5.7(A), PAGE 42)

Maintenance

Unit owner responsible for interior painting, decorating, maintenance, and replacements (walls, ceilings, floors, fixtures, windows, doors); Board responsible for Common Elements as Common Expense (Section 5.1, PAGE 36-37)

Insurance

Board determines deductible amounts, reviewed annually (Section 5.4(C), PAGE 40)

Use restrictions

Not strictly; each Unit may be used for residential purposes and partially as a professional office by the owner; not more than one family per Unit (Section 9 and Section 5.7, PAGE 6, 42)

Voting & meetings

Each Unit Owner casts one vote per unit owned. In Board elections, each Unit Owner elects one Board Member. (Section 4.8(A) and 4.9(A), PAGE 35-36)

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