11 Stetner Street Condominium

Key facts from 11 Stetner Street Condominium's documents

Reflects the 2011 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

11 Stetner Street Condominium

Developer / declarant

Stetner Holdings Corp.

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration, FIRST; By-laws Article I Se)

Assessments & dues

Board of Managers determines annual budget and assesses common charges pro-rata according to common interest (percentage of total common interest). (By-laws Article VI Section 2)

Special assessments

Allowed, levied and paid in same manner as regular assessments. (By-laws Article VI Section 2)

Reserves & fees

Interest at the highest legal rate on overdue assessments from due date to date payment received. (By-laws Article VI Section 2; Article IX)

Pets

Allowed but must not cause disturbance or nuisance. (By-laws Article VIII Section 3)

Leasing & rentals

Yes, but subject to Board's right of first refusal to buy the Unit. Any sale or lease in violation is voidable at Board's election. (By-laws Article XI Section 1)

Parking & vehicles

Commercial license plate vehicles may not be parked for more than 24 hours. (By-laws Article VIII Section 8(e))

Architectural approval

Yes, for exterior alterations, structural interior alterations, and any structure on common elements or limited common elements. (Declaration, SEVENTEENTH (b); By-laws Ar)

Maintenance

Association (common element). (By-laws Article III Section 5)

Use restrictions

Yes, occupancy restricted to residential occupancy in accordance with zoning. (Declaration, SEVENTEENTH (i); By-laws Ar)

Voting & meetings

Each Unit Owner has one vote for each percentage of common interest; each unit represents 50% common interest, thus effectively one vote per unit. (Declaration, EIGHTH; By-laws Article II )

Amendments

Declaration: 80% of Unit Owners in number and common interest plus approval by mortgagees representing at least 51% of unit votes subject to first-lien mortgages. By-laws: 66 2/3% of Unit Owners in number and common interest, and recorded a (Declaration, TENTH; By-laws Article X; A)

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