7 Fred Eller Drive Condominium

Key facts from 7 Fred Eller Drive Condominium's documents

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

Community type

condominium (Page 1: 'Establishing a Plan for Condomi)

Legal name

7 Fred Eller Drive Condominium

Developer / declarant

Dayman Holdings LLC (Page 1: 'Dayman Holdings LLC')

Governing law

Article 9-B of the Real Property Law of the State of New York (Page 1: 'Pursuant to Article 9-B of the )

Assessments & dues

Board determines Common Expenses and allocates Common Charges pro-rata according to Common Interests, at least annually. (By-Laws Section 6.1)

Special assessments

Board may levy Special Assessments for deficiencies or capital improvements. (Definitions (33), By-Laws Section 6.1)

Collections & liens

Board may perfect a lien for unpaid Common Charges and sell at foreclosure. (By-Laws Section 6.4)

Leasing & rentals

Leasing allowed subject to Right of First Refusal (By-Laws Article 7). (By-Laws Section 7.2)

Architectural approval

Unit Owner must obtain Board approval for modifications requiring permits; Board must respond within 15 days. (By-Laws Section 5.2)

Maintenance

Roof is part of Common Elements; Board responsible. (Article 7 Common Elements (Page 7))

Insurance

Fire insurance with all risk, liability, workers compensation, boiler and machinery, etc. Single limits not less than $500,000 initially. (By-Laws Section 5.4)

Use restrictions

Units to be used for residential purposes only, as per By-Laws. (Article 9, Page 7 (partially cut), By-La)

Voting & meetings

Each Unit Owner entitled to vote; if co-owners, one designated; votes proportionate to Common Interest? (Article 8 allocation). After initial control, each Unit Owner designates one Board member. (By-Laws Sections 4.8(A), 4.9(A); Article)

Amendments

Declaration may be amended by vote of all Unit Owners; recorded; executed by Declarant if affecting Sponsor. By-Laws amended per Article 12. (Article 18, By-Laws Article 12)

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