111 Tetiev Way Condominium

Key facts from 111 Tetiev Way Condominium's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Page 1: "111 TETIEV WAY CONDOMINIUM")

Legal name

111 TETIEV WAY CONDOMINIUM

Developer / declarant

FYG HOLDINGS NY LLC (Page 1: "DECLARANT: FYG HOLDINGS NY LLC")

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 )

Assessments & dues

Condominium Board prepares budget and determines Common Charges and Special Assessments based on Common Interests (Section 2.4(iv)-(v) (Page 25))

Special assessments

Defined as charges allocated pro rata per Common Interests; see By-laws Section 6.1(C) (Definition (32) (Page 18) "the charges a)

Collections & liens

Condominium Board may perfect a lien for unpaid charges; owner cannot vote if lien perfected and unpaid (Section 4.8(B) (Page 37))

Reserves & fees

Limited: during Sponsor control, special assessments for reserves capped at 5% of estimated Common Expenses; after Sponsor control, reserves limited to 12-month reserve not exceeding 10% of budgeted expenses (Section 2.5(B)(ii) and (iv) (Page 28))

Voting & meetings

Each Unit Owner entitled to one vote per percentage of Common Interest; cumulative voting allowed for Board elections (Section 4.8 (Page 13) and Section 4.9 (P)

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