16 Herrick Avenue Condominium

Key facts from 16 Herrick Avenue Condominium's documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

16 Herrick Avenue Condominium

Developer / declarant

Berel Karniol

Governing law

Article 9-B of the Real Property Law of the State of New York (Pursuant to Article 9-B of the Real Prop)

Assessments & dues

Board determines assessments ('common charges') to cover common expenses; increases pro-rata according to common interest (Article III Section 5(1) and (2))

Special assessments

Board may levy special assessments for litigation expenses and as otherwise required (Article III Section 5(10); By-laws Artic)

Collections & liens

Unpaid common charges constitute a lien on the unit, prior except for tax liens and first mortgage. Foreclosure allowed. Board may purchase unit at foreclosure sale. (Declaration Article 12; By-laws Article )

Reserves & fees

Up to $15 per month (Board may charge the delinquent Unit Own)

Leasing & rentals

Yes, but subject to right of first refusal and payment of all unpaid common charges. (By-laws Article X Section 1)

Parking & vehicles

Commercial license plate vehicles may not be parked in the Community for over 24 hours. (By-laws Article VIII Section 4(e))

Architectural approval

Alterations to exterior or common elements require Board consent; interior alterations impairing soundness require written consent. (By-laws Article VIII Section 7)

Maintenance

Unit Owner responsible for interior maintenance (including electrical, plumbing, painting, decorating); Board responsible for common elements (exterior walls, roof, snow plowing, etc.) as common expense. (Article III Section 6)

Insurance

Fire insurance with extended coverage, water damage, vandalism, malicious mischief; public liability insurance. (By-laws Article VII)

Use restrictions

All Units shall be used for residential purposes only. (By-laws Article VIII Section 2)

Voting & meetings

Each Unit Owner has one vote per percentage of common interest (Each Unit Owner shall have one vote for )

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