24 Ostereh Boulevard Condominium

Key facts from 24 Ostereh Boulevard Condominium's documents

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

Community type

Condominium (Article 9-B of the Real Property Law of )

Legal name

24 Ostereh Boulevard Condominium

Developer / declarant

MEGR Realty LLC, with an address at 66 Mezritch Road, Spring Valley, NY 10977 (Page 4, Declaration preamble)

Governing law

Article 9-B of the Real Property Law of the State of New York (the 'Condominium Act') (Article 1(a), page 4)

Assessments & dues

Condominium Board determines Common Charges and Special Assessments; Common Charges are assessed pro rata according to Common Interests (Section 6.1 of By-Laws, page 25-26; Defi)

Special assessments

Charges allocated by Condominium Board to Unit Owners pro rata according to Common Interests, in accordance with Section 6.1(C) of By-Laws (Definition (33), page 21; Section 6.1(C))

Collections & liens

Condominium Board may perfect a lien against a Unit for unpaid Common Charges; if unpaid, may foreclose (Section 6.4, page 27; Section 4.8(B) men)

Leasing & rentals

Yes; selling and leasing of Units is addressed in Article 7 of By-Laws; no transient occupants allowed (Article 7 generally, page 25-26; Section)

Architectural approval

Board must respond within fifteen (15) days from receiving notice; failure to timely respond deemed waiver of right to reject (Section 5.2, page 42-43)

Home business

Any Unit may be partially used as a professional office by the owner of such Unit only (Section 5.7(A), page 48-49)

Maintenance

Not explicitly stated; but roof is part of Common Elements (Article 7 includes roofs as common elements unless included in Unit) – therefore Association responsible (Article 7(A)(ii), page 6: 'all foundatio)

Insurance

Fire insurance with extended coverage, vandalism, malicious mischief covering Building (including Units and fixtures); comprehensive general liability insurance; rent insurance; workmen's compensation; boiler and machinery; and other insura (Section 5.4(A) and (B), pages 44-45)

Use restrictions

Each Unit may be used only as a private dwelling (Section 5.7(A), page 48-49)

Voting & meetings

One vote per unit; co-owners each entitled to one vote; voting may be exercised by proxy; no vote if common charges lien in effect (Section 4.8, pages 39-40)

Amendments

Declaration may be amended by a vote of all Unit Owners; no amendment effective until recorded; By-Laws may be amended as per Article 12 (Article 18(a), page 13; Article 12 of By)

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