144 Clinton Lane Condominium

Key facts from 144 Clinton Lane Condominium's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

144 CLINTON LANE CONDOMINIUM

Developer / declarant

NUCHUM BRAY

Governing law

Article 9-B of the Real Property Law of the State of New York (Condominium Act) (Section 2 (Submission of the Property), )

Assessments & dues

Common Charges determined by Board based on annual budget, assessed pro rata according to Common Interest (By-Laws Section 2.4(iv)(v) (page 26) and)

Special assessments

May be levied by Board pro rata as per Common Interests for unexpected expenses (By-Laws Section 6.1(C) and Definitions ()

Collections & liens

Common Charges are a lien on the Unit; Board may enforce through legal means (By-Laws Article 8.3 (Notice of Unpaid Co)

Reserves & fees

Board may establish reserves including general operating reserve; during sponsor control, cannot exceed 10% of budget for 12-month contingency (By-Laws Section 6.1(A)(ii) (page 16) and)

Architectural approval

For alterations, additions, or improvements to any part of the Property related to the Unit, Board approval required (Article 10 (Decl. page 6-7) and By-Laws )

Maintenance

Unit Owners maintain interior of Unit and Limited Common Elements; Board maintains Common Elements (By-Laws Section 5.1(A) (page 38))

Use restrictions

Each Unit may be used in accordance with local law and zoning, no more than one family may occupy a Unit at one time (Article 9 (Use of the Units) (page 6))

Voting & meetings

Each Unit Owner entitled to cast one vote for each percentage of interest owned; cumulative voting allowed (By-Laws Section 2.7 (page 29) and Sectio)

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