18 Calvert Drive Condominium

Key facts from 18 Calvert Drive Condominium's documents

Reflects the 2012 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

18 CALVERT DRIVE CONDOMINIUM

Developer / declarant

RIVKA KLYMAN

Governing law

Article 9-B of the Real Property Law of the State of New York (Article 1, Article 9-B of the Real Prope)

Assessments & dues

Board determines budget at least annually; prorated according to common interest percentages (By-laws Article VI Section 2)

Special assessments

Board may levy special assessments as required, in same manner as regular assessments (By-laws Article VI Section 2: 'Special a)

Collections & liens

Board may foreclose lien after 90 days of nonpayment; costs and attorneys' fees included (By-laws Article IX)

Reserves & fees

Not explicitly established; board includes 'reserves' in budget and may maintain accounts (By-laws Article VI Section 2: 'reserves')

Leasing & rentals

Unit may be leased subject to conditions: all unpaid common charges paid, Board has right of first refusal to buy unit offered for resale (By-laws Article XI Section 1)

Parking & vehicles

Commercial license plate vehicles may not be parked in Community for more than 24 hours (By-laws Article VIII Section 8(e))

Architectural approval

Board must answer within 60 days; failure to answer means no objection (Declaration Article 17(b))

Maintenance

Association responsible for common elements including exterior walls, roof, public utility lines in common elements; Unit Owner responsible for unit interior and restricted area (By-laws Article III Section 6)

Insurance

Fire insurance with extended coverage, water damage, vandalism, malicious mischief, full replacement value of buildings; public liability insurance (By-laws Article VII Section 1)

Use restrictions

All Units shall be used for residential purposes only (By-laws Article VIII Section 2)

Voting & meetings

Each Unit Owner has one vote for each percentage of common interest set forth in Exhibit B (Declaration Article 7: each Unit Owner s)

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