14 Suzanne Drive Condominium

Key facts from 14 Suzanne Drive Condominium's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and Section 5)

Legal name

14 SUZANNE DRIVE CONDOMINIUM

Developer / declarant

Cheskel Gottlieb (Page 1 and signature page)

Governing law

Article 9-B of the Real Property Law of the State of New York (Title page and Section 1)

Assessments & dues

Condominium Board determines amount and method of payment of Common Charges and Special Assessments (By-laws Section 2.4(v))

Special assessments

Charges allocated pro-rata in accordance with Common Interests, except as otherwise provided (Definition 33 (Exhibit C) and By-laws Se)

Collections & liens

Condominium Board may perfect a lien against a Unit Owner's Unit for unpaid common charges; such Unit Owner is precluded from voting until lien released (By-laws Section 4.8(B))

Reserves & fees

Board to maintain records of finances and may establish reserve funds; however, during Sponsor control, reserve assessments in excess of 5% of estimated Common Expenses require Sponsor consent (By-laws Sections 2.4(iii) and 2.5(A)(ii))

Fences

Unit Owner may erect a fence/gate and/or bushes at the dividing line of the yard allocated to him (Section 9(ii) and By-laws Section 5.2(ii)

Architectural approval

Board of Managers approval required for alterations, additions, improvements to any part of the property allocated to a Unit, and for changes to layout of unit (Section 9(iii) and By-laws Section 5.2(i)

Maintenance

Condominium Board maintains Common Elements; Unit Owner maintains interior of Unit, Limited Common Elements, and window glass. Damage from failure to maintain by Unit Owner is responsibility of that Unit Owner. (By-laws Sections 5.1(A), (B), (C))

Insurance

Insurance policies may provide for deductible amounts as Board shall determine; Board reviews limits and deductible at least once each year (By-laws Section 5.4(C))

Voting & meetings

Each Unit Owner entitled to one vote per Unit owned; cumulative voting allowed; each Unit Owner elects one Board Member after Sponsor Control (By-laws Section 4.8)

Amendments

Declaration may be amended by vote of at least 66 2/3% of unit owners in number, cast in person or by proxy at a meeting, or in writing by 66 2/3% in number and common interest; certain amendments require written consent of mortgagees; Spon (Section 19)

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