3 Stetner Condominium

Key facts from 3 Stetner Condominium's documents

Community type

Condominium

Legal name

3 STETNER CONDOMINIUM

Developer / declarant

17 VALLEY VIEW LLC

Governing law

Article 9-B of the Real Property Law of the State of New York (Article 1, Declaration)

Assessments & dues

Board of Managers shall, prior to the commencement of each fiscal year, fix and determine the budget and levy a common charge assessment against each Unit (By-Laws Article VI, Section 2)

Special assessments

Special assessments shall be levied and paid in the same manner as regular assessments (By-Laws Article VI, Section 2)

Collections & liens

Unpaid common charges with interest constitute a lien on the Unit prior to all liens except tax liens and first mortgage; foreclosure may be initiated 90 days after due date (Declaration Article 12; By-Laws Article )

Reserves & fees

Monthly fee of not more than fifteen dollars to cover additional burden (By-Laws Article VI, Section 2)

Pets

Allowed but must not cause disturbance; Owners are responsible for conduct of pets (By-Laws Article VIII, Section 3)

Leasing & rentals

Subject to Board's right of first refusal; unpaid common charges must be paid before sale or lease (By-Laws Article XI, Section 1)

Parking & vehicles

Commercial license plate vehicles may not be parked in the Community for a period in excess of 24 hours (By-Laws Article VIII, Section 8(e))

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 set forth in EXHIBIT B; each Unit shall appoint a Manager who shall be entitled to vote in person or by proxy (Declaration Article 8; By-Laws Article I)

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