101 109 Adar Court Condominium

Key facts from 101 109 Adar Court Condominium's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Declaration – Page 1 – 'DECLARATION ESTA)

Legal name

101-109 Adar Court Condominium

Developer / declarant

Congregation Orach L'Tzadik, Inc.

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration – Page 1 – 'PURSUANT TO ARTI)

Assessments & dues

Board of Managers determines and levies monthly assessments (common charges) based on a budget covering operating expenses, insurance, repairs, reserves, etc.; assessed pro-rata according to common interest percentages (By-laws Article III Section 1(1) – 'The )

Special assessments

Permitted by Board of Managers for additional necessary expenses; levied and paid same as regular assessments (By-laws Article III Section 1(1) – 'The )

Collections & liens

Board may lien a Home for unpaid common charges; foreclosure after 90 days default; suit for money judgment also available (By-laws Article VI Section 2 (lien) and )

Reserves & fees

Required; budget includes reserves; operating portion of assessments set aside for operating expenses (By-laws Article VI Section 2 – 'the tota)

Leasing & rentals

Any Home may be leased, but unpaid common charges must be paid before lease; lease in violation voidable; purchaser/lessee not liable for charges accrued before transfer if statement obtained (By-laws Article XI Section 1 – 'Any Home)

Architectural approval

Board must respond within 5 days after receipt of written request by certified mail; failure to respond means no objection (Declaration Article SEVENTEENTH(a) – 'Th)

Maintenance

Board of Managers responsible for maintenance, repair, and replacement of common elements (including exterior walls, roof, public utility lines, etc.); Home Owner responsible for interior maintenance, painting, decorating, and repair of any (By-laws Article III Section 6 – 'The Boa)

Insurance

Fire insurance with extended coverage, vandalism and malicious mischief endorsements insuring the Building, Homes, improvements (including kitchen, laundry, cabinets, etc.), heating, hot water equipment; amount equal to full replacement val (By-laws Article VII Section 1 – 'The Boa)

Use restrictions

Occupancy restricted to residential occupancy in accordance with applicable zoning regulations (Declaration Article SEVENTEENTH(i) – 'Oc)

Voting & meetings

One vote per Home Owner for each Home owned (By-laws Article II Section 1 – 'Each Hom)

Amendments

Declaration may be amended by instrument executed by Board of Managers upon vote of 80% of Home Owners in number at a duly called meeting; no amendment changing condominium parcel, proportionate share, or voting rights without consent of af (Declaration Article NINTH(b) – 'The prov)

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