7 Johanna Lane Condominium

Key facts from 7 Johanna Lane Condominium's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

7 JOHANNA LANE CONDOMINIUM

Developer / declarant

66 Highview LLC

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration FIRST: Submission of Propert)

Assessments & dues

Board of Managers determines a budget at least annually, total annual requirements are assessed as a single sum against all Units and prorated according to their respective common interest. Assessments payable monthly in advance. (By-laws Article VI Section 2)

Special assessments

Board may levy special assessments if required; levied and paid in same manner as regular assessments. (By-laws Article VI Section 2)

Collections & liens

Unpaid common charges constitute a lien on the Unit prior to all other liens except taxes and first mortgages. Foreclosure allowed after 60 days notice and if unpaid for 90 days after notice. Foreclosure like a mortgage; also money judgment (Declaration Article TWELFTH; By-laws Art)

Leasing & rentals

Implicitly allowed; a Unit Owner may not lease his Unit unless all unpaid common charges are paid. Board has right of first refusal to purchase any Unit offered for resale. (By-laws Article XI Section 1)

Parking & vehicles

Commercial license plate vehicles may not be parked in the Community for a period in excess of 24 hours. (By-laws Article VIII Section 8(e))

Architectural approval

Board of Managers has 30 days to respond to a request; failure to respond within that time means no objection. (Declaration Article SEVENTEENTH(c))

Maintenance

Each Unit Owner responsible for maintenance, repair and replacement of interior of his Unit (including painting and decorating inside), repairs and replacements to the Unit (except glass breakage), doors, windows and doors that open from a (By-laws Article III Section 5; Article V)

Insurance

Board obtains fire insurance with extended coverage, water damage, vandalism and malicious mischief endorsements, insuring the Building including all Units and improvements (bathroom, kitchen, laundry fixtures, cabinets, equipment initially (By-laws Article VII Section 1)

Use restrictions

Occupancy restricted to Residential Occupancy in accordance with applicable zoning regulations of the municipality. (Declaration Article SEVENTEENTH(i))

Voting & meetings

Each Unit Owner has one vote per percentage of common interest. Common interests: Unit 101 = 50%, Unit 201 = 50%. (Declaration Article EIGHTH; Exhibit B)

Amendments

Declaration may be amended by instrument executed by Board upon vote of 66-2/3% of Unit Owners at a duly called meeting; amendments of material adverse effect require approval of mortgagees representing at least 51% of unit votes (based on (Declaration Article TENTH; By-laws Artic)

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