68 Francis Place Condominium

Key facts from 68 Francis Place Condominium's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Name: 68 FRANCIS PLACE CONDOMINIUM)

Legal name

68 FRANCIS PLACE CONDOMINIUM

Developer / declarant

Alexandra Deutsch (Declarant: ALEXANDRA DEUTSCH)

Governing law

Article 9-B of the Real Property Law of the State of New York (Pursuant to Article 9-B of the Real Prop)

Assessments & dues

Board adopts annual budget setting anticipated Common Expenses; Common Charges and Special Assessments assessed pro-rata based on Common Interests (Sections 2.4(A)(iii) and (v); Exhibit C )

Special assessments

Allowed; board may levy Special Assessments (defined in Exhibit C (32); limitations during sponsor control period (Section 2.5(B)(ii)) (Definition (32); Section 2.5(B)(ii): Spo)

Collections & liens

Board may acquire Units through foreclosure or judicial sale (Article 17); common charges constitute liens (implied by enforcement provisions) (Article 17: Acquisition of Units by Boar)

Reserves & fees

Board may assess Special Assessments for reserves; during sponsor control, consent required for reserves beyond 12-month contingency fund (Section 2.5(B)(iv) and (v)) (Section 2.5(B)(iv): Sponsor consent for )

Leasing & rentals

yes (Section 9: Units may be occupied by owne)

Architectural approval

Board approval required for alterations, additions, improvements to any part of Property allocated to Unit (Section 10 interior may be done by owner without approval) (Section 10: Unit Owner may make alterati)

Maintenance

Common Element – Board responsibility (Section 7(b): roofs included in General )

Use restrictions

yes; not more than one family per Unit (Section 9: not more than one family may )

Voting & meetings

Each Unit Owner has one vote per unit owned; each unit elects one Board Member (Section 4.8(A): each Unit Owner shall be)

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