14 Calvert Drive Condominium

Key facts from 14 Calvert Drive Condominium's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article 5)

Legal name

14 Calvert Drive Condominium

Developer / declarant

14 Calvert LLC (Declaration preamble)

Governing law

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

Assessments & dues

Condominium Board determines Common Charges based on budget adopted for each fiscal year; assessed pro-rata according to Common Interests (Section 6.1 of By-Laws)

Special assessments

Allowed, by Condominium Board, for deficiencies, etc. Must be levied in proportion to Common Interests (Section 6.1(C) and Section 2.4(v) of By-)

Collections & liens

Condominium Board may perfect a lien for unpaid Common Charges; unit owner loses voting rights until lien satisfied (Section 4.8 of By-Laws)

Reserves & fees

Condominium Board may create reserves for working capital, replacements, etc.; Sponsor consent needed for reserve assessments during control period (Section 2.4(v) and Section 2.7 of By-Law)

Leasing & rentals

Leasing permitted subject to Right of First Refusal (Article 7 of By-Laws)

Architectural approval

For alterations, additions, improvements that affect common elements or structural changes, Board approval required; also for modifications that require Board approval (Section 12 of Declaration and Section 5.)

Maintenance

Common element, maintained by Condominium Board (Article 7(A)(ii) of Declaration)

Use restrictions

Each Unit may be used in accordance with permitted use by local law and zoning, and not more than one family may occupy a Unit at one time (Article 9(a) of Declaration)

Voting & meetings

One vote per unit; Sponsor or its designee may vote as long as owns units; votes withheld if lien perfected (Section 4.8 of By-Laws)

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