362 Blauvelt Road Condominium

Key facts from 362 Blauvelt Road Condominium's documents

Reflects the 2010 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Page 2: 'ESTABLISHING A PLAN OF CONDOMIN)

Legal name

362 BLAUVELT ROAD CONDOMINIUM

Developer / declarant

Blue Sky Realty & Management Inc. (Page 2: 'DECLARANT: BLUE SKY REALTY & MA)

Governing law

Article 9-B of the Real Property Law of the State of New York (Page 1: 'PURSUANT TO ARTICLE 9-B OF THE )

Assessments & dues

Board determines amount of Common Charges and Special Assessments; collected from Unit Owners (By-Laws Section 2.4(v): 'to determine th)

Special assessments

Defined as charges allocated pro-rata per Common Interests by Board under By-Laws Section 6.1(C) (Exhibit C (33): 'Special Assessments sha)

Collections & liens

Board may levy fines and enforce by legal means; lien perfected for unpaid charges can preclude voting (By-Laws Section 2.4(xvii) (fines), Secti)

Reserves & fees

Establishment of reserves limited to 5% of budgeted operating expenses for ensuing 12 months without 75% Unit Owner approval (during Sponsor control further restrictions apply) (By-Laws Section 2.5(B)(iv): 'establish a)

Leasing & rentals

Yes; Units may be occupied by Owner or permitted lessees (Article 9: 'occupied only by the Owner t)

Architectural approval

Yes; Board written approval required for any alteration, addition, improvement, or change to any part of the property or re-layout of unit (Article 10: 'subject to the written appr)

Maintenance

Unit Owner responsible for painting, decorating, maintenance, and replacements of Unit (including interior walls, floors, windows); Board responsible for Common Elements; exceptions for negligence (By-Laws Section 5.1(A)(i) and (ii))

Use restrictions

Units occupied only as private single-family dwellings by Owner or permitted lessees and immediate family; no more than one family per unit except if accessory apartment then two families (Article 9: 'Each Unit may be used ... no)

Voting & meetings

Each Unit Owner casts one vote per percentage of interest owned; cumulative voting allowed (By-Laws Section 4.8(A): 'each Unit Owner)

Amendments

Declaration may be amended by 67% in common interest of all Unit Owners (in person, proxy, or written approval); certain amendments require mortgagee consent; Sponsor may amend for floor plan corrections without vote (Article 19(a): 'amended by the vote of a)

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