26 Suffern Place Condominium

Key facts from 26 Suffern Place Condominium's documents

Community type

Condominium

Legal name

26 SUFFERN PLACE CONDOMINIUM

Developer / declarant

26 SUFFERN LLC

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration page 1; Bylaws Article I Sec)

Assessments & dues

Board determines and levies monthly Common Charges to cover Common Expenses, payable in advance. Increases and special assessments pro-rata by common interest. (Bylaws Article III Section 5a, Article V)

Special assessments

Permitted, levied and paid same as regular assessments (Bylaws Article VI Section 2)

Collections & liens

Unpaid Common Charges constitute a lien on the Unit prior to all other liens except tax liens. Board may foreclose 90 days after due date; may purchase unit at foreclosure sale. (Bylaws Article VI Section 2 and 3; Decla)

Reserves & fees

Up to $15 per month for delinquent payment (Bylaws Article VI Section 2)

Pets

Yes, subject to rules; Unit Owner responsible for damage by pets (Bylaws Article VIII Section 5)

Leasing & rentals

Yes, but subject to right of first refusal by Board; violation voidable at Board's election (Bylaws Article XI Section 1)

Architectural approval

Yes, for exterior alterations, structures on Common Elements, and any alteration impairing structural soundness (Declaration Article 17(b); Bylaws Articl)

Home business

Allowed for lawful purposes such as home office (Bylaws Article VIII Section 1)

Insurance

Fire insurance with extended coverage on Building including all Units, full replacement value (Bylaws Article VII Section 1)

Use restrictions

Yes, restricted to residential occupancy in accordance with zoning (Declaration Article 17(i); Bylaws Articl)

Voting & meetings

Each Unit Owner has one vote per Unit owned; each Unit appoints a Manager to vote (Bylaws Article II Section 2, Section 5)

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