26 Youmans Drive Condominium

Key facts from 26 Youmans Drive Condominium's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (NAME: THE 26 YOUMANS DRIVE CONDOMINIUM)

Legal name

26 Youmans Drive Condominium

Developer / declarant

Daniel Szmerla, Eliezer Stolzenberg, and Rivka Stolzenberg

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 of Managers prepares a budget at least annually, determines Common Charges payable by Unit Owners to meet Common Expenses, allocated in proportion to their respective Common Interests. Board may also allocate based on submetering, con (By-Laws Article VI Section 1)

Collections & liens

Board may foreclose lien on unit for unpaid Common Charges under Real Property Law §339-z; also may sue for money judgment without waiving lien (By-Laws Article VI Sections 5 and 6)

Reserves & fees

Board may include in Common Expenses an amount for a general operating reserve and a reserve for replacements (By-Laws Article VI Section 1 – 'for a ge)

Leasing & rentals

Units may be used as rental units, models, sales and/or offices in connection with sale of Units, with prior written consent of Board of Managers (Declaration NINTH: USE OF UNITS – 'provi)

Parking & vehicles

Limited Common Elements include driveways assigned to each unit; no further parking rules provided.

Home business

Permitted if in compliance with applicable zoning and with prior written consent of Board of Managers (Declaration NINTH: USE OF UNITS)

Signs & flags

Sponsor has easement to erect, maintain, repair and replace signs on the Property for advertising sale of Units and leasing of space (Declaration ELEVENTH: EASEMENTS (b))

Maintenance

Unit Owners responsible for all maintenance, repairs, replacements to their Unit (ordinary) except as otherwise provided. Board responsible for General Common Elements as Common Expense. Limited Common Elements: nonstructural maintenance by (By-Laws Article VI Section 9(a) and (b))

Insurance

Fire insurance with extended coverage, vandalism and malicious mischief endorsements covering Buildings containing Units (including fixtures initially installed by Sponsor) and service machinery. Also coverage for floors, walls, internal pa (By-Laws Article VI Section 2)

Use restrictions

Any Unit may be used for private residential use, or for home occupation permitted under zoning, or as professional office by resident with Board consent (Declaration NINTH: USE OF UNITS)

Voting & meetings

Unit Owners vote in proportion to their Common Interest (percentage of common elements). Each vote is 1 vote per 0.001% interest. In Board elections, each unit owner gets one vote for each 0.001% interest. For all other matters, proportiona (By-Laws Article II Section 6 – 'entitled)

Amendments

Declaration may be amended by vote of Unit Owners representing at least 66-2/3% of Common Interest; By-Laws may be amended by vote of 66-2/3% in number and in Common Interest (Declaration FOURTEENTH: AMENDMENT TO DEC)

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