61 Regan Road Condominium

Key facts from 61 Regan Road Condominium's documents

Reflects the 2011 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Instrument type)

Legal name

61 REGAN ROAD CONDOMINIUM

Developer / declarant

Yehoshua Friesel and Mates Friesel (Signature page and initial page)

Governing law

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

Assessments & dues

Board determines total amount needed, prorated by common interest percentage, payable monthly in advance (By-laws Article VI, Section 2)

Special assessments

Board may levy special assessment when required (By-laws Article III, Section 5, item 1)

Collections & liens

Unpaid common charges constitute a lien on the unit, subordinate to taxes and first mortgage. Foreclosure possible after 90 days delinquency. (Declaration Article 12; By-laws Article )

Pets

Yes, but must not cause nuisance (By-laws Article VIII, Section 3 (pets me)

Leasing & rentals

Yes, owner may lease unit provided no lien unpaid (By-laws Article XI, Section 1)

Insurance

Physical damage insurance on building and all units, at least $600,000 initially (By-laws Article VII, Section 3)

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 (Declaration Article 8)

Amendments

66-2/3% of Unit Owners in number and common interest, plus if material adverse to mortgagees, approval of mortgagees representing at least 51% of unit votes subject to first liens; also 60-day deemed approval for mortgagees (Declaration Article 10; By-laws Article )

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