32 Herrick Avenue Condominium

Key facts from 32 Herrick Avenue Condominium's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Name: "32 HERRICK AVENUE CONDOMINIUM" th)

Legal name

32 HERRICK AVENUE CONDOMINIUM

Units / lots

3 (Units 111, 212, 301 per Exhibit B) (Exhibit B: Lists three units with design)

Developer / declarant

BOARD OF MANAGERS OF 32 HERRICK AVENUE CONDOMINIUM

Governing law

Article 9-B of the Real Property Law of the State of New York (Preamble: "PURSUANT TO ARTICLE 9-B OF TH)

Assessments & dues

Board determines amount of Common Charges and Special Assessments based on annual budget, assessed pro-rata according to Common Interest. (By-Laws Section 2.4(v) and Section 6.1)

Special assessments

Board may levy Special Assessments pro-rata in accordance with Common Interests (except as otherwise provided). During Sponsor control, additional limitations apply (e.g., for reserves). (Definition (35) and By-Laws Section 6.1;)

Collections & liens

Board may perfect lien against a unit for unpaid common charges; voting rights suspended if lien perfected; enforcement by legal means provided. (By-Laws Section 4.8(B) (no vote if lien )

Reserves & fees

Board may establish reserves. During Sponsor control, only a twelve-month reserve for contingencies not exceeding 10% of budgeted operating expenses is allowed unless required by law or insurance. (By-Laws Section 2.4(xii) and Section 2.5)

Voting & meetings

Each unit owner entitled to one vote per percentage of common interest owned; cumulative voting allowed; no vote if lien perfected; fiduciaries vote; proxy allowed in writing. (By-Laws Section 4.8 and 2.7: "each Unit )

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