18 Mosier Court Condominium

Key facts from 18 Mosier Court 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

18 Mosier Court Condominium

Developer / declarant

Isaac Pfeifer

Governing law

Article 9-B of the Real Property Law of the State of New York (Page 1 and Declaration opening)

Assessments & dues

Board determines amount of Common Charges and Special Assessments based on budget; allocated pro rata according to Common Interests (By-laws Section 2.4(v) and Definitions ()

Special assessments

Special Assessments may be levied by Board pro rata according to Common Interests (Definitions (32) Special Assessments; By)

Collections & liens

Unpaid Common Charges and Special Assessments may become a lien; remedies include foreclosure; notice to mortgagees required (By-laws Section 9.1; Declaration Article)

Reserves & fees

Board may establish reserve funds for contingencies, replacements, etc.; limitations during Sponsor control (Section 2.5) (By-laws Section 2.5(iii) and Section 2.4)

Architectural approval

Alterations to any part of the Property allocated to a Unit require Board approval; interior alterations may be made without approval? Section 5.2(i) says right to make interior alterations, but conditions apply (By-laws Section 5.2(i) and (ii); Declara)

Home business

Only professional office by owner allowed; no other commercial use (By-laws Section 5.7(A))

Maintenance

Owner responsible for maintenance, painting, decorating, replacements in Unit; Association responsible for Common Elements; Owner responsible for Limited Common Elements (decks, stoops, balcony, driveway) including structural maintenance of (By-laws Section 5.1(A); Declaration Arti)

Insurance

Property insurance on Common Elements and Units (including improvements but excluding personal property); liability insurance with cross-liability coverage (By-laws Section 5.4(A) and (B))

Use restrictions

Units may be used as permitted by local law and certificate of occupancy; professional office by owner only (By-laws Section 5.7(A))

Voting & meetings

Each Unit Owner casts one vote for each percentage of common interest; Sponsor or designee votes for Unsold Units; cumulative voting allowed (By-laws Section 4.9(A) and Section 2.7)

Amendments

Amendment by vote of all Unit Owners; certain amendments require written consent of mortgagees or 51% of eligible mortgage holders for material changes (Article 19 (a) and (c))

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