14 Anthony Condominium

Key facts from 14 Anthony Condominium's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Page 4; 'NAME OF THE CONDOMINIUM ... 14 )

Legal name

14 ANTHONY CONDOMINIUM

Developer / declarant

14 ANTHONY DR LLC (Page 4; 'DECLARANT: 14 ANTHONY DR LLC')

Governing law

Article 9-B of the Real Property Law of the State of New York (Page 4; 'PURSUANT TO ARTICLE 9-B OF THE )

Assessments & dues

Board determines the amount and establishes the means and methods of payment of Common Charges and Special Assessments from Unit Owners. (By-Laws Section 2.4(v) (page 25))

Special assessments

Charges allocated and assessed by Board to Unit Owners pro-rata according to Common Interests, in accordance with By-Laws Section 6.1(C). (Definition (32) (page 17); By-Laws Secti)

Reserves & fees

Reserve fund for working capital, for replacements with respect to the Common Elements, or to make up any deficit in Common Charges for prior years. Reduction in reserves requires mortgagee consent for material change. (Definition (6) (page 14-15); Art. 18(b)()

Leasing & rentals

Leasing is not prohibited; imposition of restriction on leasing Units requires mortgagee consent for material change. (Art. 18(b)(ix) (page 10) implies leasing)

Architectural approval

Board approval required for alterations, additions, improvements in or to Units (including changes in layout) and to Common Elements. (Art. 9 (page 6) and By-Laws Section 5.2 )

Maintenance

Not explicitly stated; as part of Building (Common Elements), likely Board responsibility. (By-Laws Section 5.1(ii) - Common Element)

Insurance

Board may determine deductible amounts. (By-Laws Section 5.4(C) (page 40))

Voting & meetings

Each Unit Owner (including Sponsor) shall be entitled to cast one vote for each Unit Owned. After Sponsor control, each Unit Owner entitled to elect one Board Member. (By-Laws Section 4.8(A), 4.9(A) (page 35-)

Amendments

Amendment by vote of all Unit Owners, or by Sponsor for certain corrections without vote. Material changes require consent of eligible mortgage holders representing at least 51% of votes of unit estates subject to mortgages. (Art. 18 (page 9-10); Art. 18(a) and (b))

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