19 Merrick Drive Condominium

Key facts from 19 Merrick Drive Condominium's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

19 Merrick Drive Condominium

Developer / declarant

19 Merrick LLC

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration Article 1; By-Laws Article I)

Assessments & dues

Board of Managers fixes budget at least annually, prorated among Units according to common interest percentages, payable monthly in advance; special assessments levied similarly (By-Laws Article VI Section 2)

Collections & liens

Unpaid common charges become a lien on the Unit; Board may foreclose in same manner as a mortgage; Unit Owner liable for costs and reasonable attorney's fees (By-Laws Article VI Section 3)

Reserves & fees

Board may charge a monthly fee of not more than $15 to cover additional burden occasioned by default (By-Laws Article VI Section 2)

Architectural approval

Written consent of Board of Managers required for any exterior alteration, any structure on common elements, and any interior alteration that would impair structural soundness (Declaration Article 16(b); By-Laws Artic)

Maintenance

Board responsible for maintenance, care, and preservation of common elements; Unit Owner responsible for repair and maintenance of his own Unit and for damage caused by him or his invitees (By-Laws Article II Section 4(1); Article)

Insurance

Board shall obtain fire insurance with extended coverage, water damage, vandalism, malicious mischief endorsements insuring the Building including all Units and improvements, fixtures, equipment, and service machinery (By-Laws Article VII Section 1)

Use restrictions

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

Voting & meetings

Each Unit Owner shall have one vote for each percentage of common interest (Declaration); Each Unit Owner is entitled to one vote for each Unit owned (By-Laws); each Unit appoints a Manager to vote (Declaration Article 8; By-Laws Article I)

Amendments

Declaration amendment requires 80% of Unit Owners in number and common interest plus mortgagees representing at least 51% of unit votes (based on one vote per first mortgage); By-Laws amendment requires 66-2/3% of Unit Owners in number and (Declaration Article 10; By-Laws Article )

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