113 Clinton Lane Condominium

Key facts from 113 Clinton Lane Condominium's documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article FIRST: Submission of Property, p)

Legal name

113 CLINTON LANE CONDOMINIUM

Developer / declarant

Yakov Ostreicher

Governing law

Article 9-B of the Real Property Law of the State of New York (Article FIRST, page 3)

Assessments & dues

Board of Managers determines monthly assessments (common charges) to cover common expenses, assessed according to each unit's common interest percentage. (By-laws Article VI Section 2, Declaratio)

Special assessments

Allowed; 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 tax liens and first mortgages. Foreclosure possible after 30 days delinquent; costs and attorneys fees recoverable. (Declaration (page 7-8); By-laws Article )

Reserves & fees

Maximum $15 per month for delinquent assessments. (By-laws Article VI Section 2)

Pets

Mentioned but no explicit restrictions; Article VIII Section 3: 'Owners of pets...' (cut off) - likely allowed but subject to rules. (By-laws Article VIII Section 3 (page 27))

Leasing & rentals

Yes, subject to Board's right of first refusal. (By-laws Article XI Section 1: 'The Board)

Architectural approval

Yes, for exterior alterations, structures on common elements, and interior alterations affecting structural soundness. (Declaration Article SEVENTEENTH(b); By-l)

Maintenance

Board maintains roof and roof members as common expense. (By-laws Article III Section 6: 'maintena)

Insurance

Fire insurance with extended coverage, water damage, vandalism, malicious mischief; covering building and all units; full replacement value; minimum $600,000 until first board meeting. Public liability insurance with limits $1,000,000 per o (By-laws Article VII Section 1 (page 25-2)

Use restrictions

Yes, occupancy restricted to residential in accordance with applicable zoning. (Declaration Article SEVENTEENTH(i) (page)

Voting & meetings

Each Unit Owner casts one vote per unit at unit owner meetings; however, Declaration EIGHTH says one vote per percentage of common interest. By-laws Art II Sec 2: one vote per unit. (By-laws Article II Section 2; Declaratio)

Amendments

Declaration: 66-2/3% of unit owners in number, recorded; material adverse changes require consent of mortgagees holding 51% of unit votes. By-laws: 66-2/3% of unit owners in number and common interest, recorded. (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.