6 Jeffrey Place Condominium

Key facts from 6 Jeffrey Place Condominium's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article 5: Name of the Condominium: 6 JE)

Legal name

6 Jeffrey Place Condominium

Governing law

Article 9-B of the Real Property Law of the State of New York (Preamble, Page 5)

Assessments & dues

Condominium Board determines the amount of Common Charges and Special Assessments, based on the approved annual budget, and allocates them pro-rata in accordance with each Unit's Common Interest. (By-Laws Section 2.6(v) and Section 6.1)

Special assessments

Charges allocated and assessed by the Condominium Board to Unit Owners pro-rata according to their respective Common Interests, as provided in By-Laws Section 6.1(C). (Exhibit C Definition (33) and By-Laws Se)

Collections & liens

If a Unit Owner fails to pay Common Charges or Special Assessments, the Condominium Board may lien the Unit and foreclose on the lien. The lien has priority over all other liens except Permitted First Mortgages. (By-Laws Section 6.4)

Reserves & fees

During the period when Sponsor owns at least 25% of units, the Board may not assess Common Charges for the creation of or addition to a reserve, contingency or surplus fund without Sponsor's prior written consent (Sponsor shall not unreason (By-Laws Section 2.7)

Leasing & rentals

Presumably allowed, but subject to restrictions. The By-Laws include Article 7 (Selling and Leasing of Units) which contains a Right of First Refusal. (By-Laws Article 7 (Sections 7.1-7.9))

Architectural approval

Alterations, additions, improvements that modify structure or common interest require Board approval. Board must respond within 15 days; failure to respond is deemed waiver. (By-Laws Section 5.2 (Alterations) and De)

Home business

Any Unit may be partially used as a professional office by the owner of such unit only. (By-Laws Section 5.7(A) (use of units))

Maintenance

Unit Owner responsible for maintenance, repair, and replacement of his/her Unit and Limited Common Elements allocated to that Unit, including interior, exterior glass, windows, doors, screens, etc. Board responsible for Common Elements. (By-Laws Section 5.1(A) and (B))

Insurance

Fire insurance with all risk extended coverage, vandalism and malicious mischief endorsements covering the Building (including Units and fixtures but not personal property). Also liability insurance, rent insurance, worker's compensation, b (By-Laws Section 5.4(A) and (B))

Use restrictions

Each unit shall be used only as a private residence in accordance with local law and the Certificate of Occupancy, and not more than one family may occupy a Unit at one time. (Declaration Article 9(a))

Voting & meetings

Each Unit Owner is entitled to cast one (1) vote for each Unit owned. Sponsor or its designee may vote while owning Unsold Units. After the five-year period of initial control by Sponsor, each Unit Owner shall be entitled to designate one m (By-Laws Section 4.8(A) and Section 4.9(A)

Amendments

Any provision of the Declaration may be amended by a vote of a majority of the Unit Owners, taken in accordance with the By-Laws. No amendment effective until recorded in the Kings County Register's Office (note: this appears to be a scrive (Declaration Article 18(a))

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