139 Clinton Lane Condominium

Key facts from 139 Clinton Lane 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

139 CLINTON LANE CONDOMINIUM

Developer / declarant

LAZER KVIAT AND BEELA KVIAT

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration: 'Pursuant to Article 9-B of)

Assessments & dues

Board determines Common Charges and Special Assessments based on budgeted Common Expenses (By-Laws Section 2.4(v): 'to determine th)

Special assessments

Board may impose Special Assessments for capital improvements or other purposes, subject to approval for amounts over $5,000 or certain conditions (By-Laws Section 2.5(iii) and Section 6.1)

Collections & liens

Board may perfect a lien against a Unit for unpaid Common Charges and foreclose (By-Laws Article 9; Section 4.8(B): 'the )

Reserves & fees

Board may establish a 12-month reserve for contingencies not exceeding 5% of budgeted operating expenses without Unit Owner approval; other reserves require Unit Owner and Mortgage Representative approval (By-Laws Section 2.5(iv))

Home business

Partial professional office use allowed (By-Laws Section 5.7(A): 'Any Unit may be)

Use restrictions

Yes, each Unit may be used in accordance with permitted use under zoning and Certificate of Occupancy; only one family may occupy (By-Laws Section 5.7(A): 'Each Unit may b)

Voting & meetings

One vote per unit; cumulative voting; units with perfected liens cannot vote; Board cannot vote for units it owns; fiduciary votes (By-Laws Section 4.8)

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