25 Jefferson Avenue Condominium

Key facts from 25 Jefferson Avenue Condominium's documents

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

Community type

Condominium

Legal name

25 JEFFERSON AVENUE CONDOMINIUM

Developer / declarant

Zvi Breier

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration FIRST)

Assessments & dues

Board determines monthly assessments to cover common expenses; budget sent to Unit Owners and mortgagees (By-laws VI.2)

Collections & liens

Unpaid common charges constitute lien on Unit, priority after taxes and first mortgage; foreclosure after 90 days delinquency; Board may recover costs including attorneys' fees (Declaration TWELFTH; By-laws VI.2, IX)

Reserves & fees

Operating Account established for common expenses no separate reserve fund mentioned (By-laws VI.6)

Pets

Allowed but must not cause nuisance or illegal use (By-laws VIII.3)

Leasing & rentals

Yes, Unit Owner has right to lease Unit (By-laws XI.1)

Architectural approval

Written consent of Board required for exterior alterations, structures on common elements, and interior alterations impairing structural soundness (Declaration XVII(b); By-laws VIII.7)

Home business

Not explicitly prohibited but use must be residential; 'offensive or unlawful use' prohibited (Declaration XVII(e); By-laws VIII.2)

Maintenance

Association (as common expense) (By-laws III.6)

Insurance

Fire insurance with extended coverage, water damage, vandalism, malicious mischief, covering building including Units and initial fixtures, in amount equal to full replacement value. Also public liability insurance with single limit of $1,0 (By-laws VII.1)

Use restrictions

Units restricted to residential occupancy per zoning regulations (Declaration XVII(i); By-laws VIII.2)

Voting & meetings

Each Unit Owner shall have one vote for each percentage of common interest set forth in Exhibit B (Declaration). By-laws: each Unit Owner entitled to one vote (By-laws II.2). (Declaration EIGHTH; By-laws II.2)

Amendments

Declaration amendments require 66-2/3% of Unit Owners in number (Declaration) or 66-2/3% in number and common interest (By-laws); material adverse amendments require at least 51% of first mortgagees; By-laws amendments require 66-2/3% in nu (Declaration TENTH; By-laws X)

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