38 Jacaruso Drive Condominium

Key facts from 38 Jacaruso Drive Condominium's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Page 1 - Declaration of Condominium)

Legal name

38 Jacaruso Drive Condominium

Governing law

Article 9-B of the Real Property Law of the State of New York (Page 1, Exhibit C definition (10))

Assessments & dues

Condominium Board prepares budget, determines Common Charges and Special Assessments, and fixes amounts for Unit Owners. Common Charges are based on Common Interests. (By-Laws Section 2.6(iv)-(v), Section 6.1)

Special assessments

Special Assessments are charges allocated by the Condominium Board to Unit Owners pro-rata in accordance with Common Interests, except as otherwise provided. (Exhibit C definition (33), By-Laws Secti)

Collections & liens

Condominium Board may accept surrender of a Unit upon default, hold title on behalf of all Unit Owners. Net proceeds of sale after casualty or condemnation are divided among Unit Owners after paying unpaid liens. (Article 13 (page 10-11), By-Laws Section)

Architectural approval

Board approval required for modifications that require it; non-structural interior modifications do not require approval. (By-Laws Section 5.3 (page 43))

Home business

Any Unit may be partially used as a professional office by the owner (or by related parties). Residential use remains primary. (By-Laws Section 5.7(A) (page 49))

Maintenance

Unit Owner responsible for all non-structural ordinary repairs and maintenance in his/her Unit. Condominium Board responsible for all repairs and maintenance to Common Elements. (By-Laws Section 5.1(A) (page 42))

Insurance

Condominium Board shall obtain fire insurance with all risk extended coverage, vandalism and malicious mischief, insuring Building (including Units and fixtures but not owner's personal property). Also obtain rent insurance, workers compens (By-Laws Section 5.4(A)-(B) (page 44-45))

Use restrictions

Each Unit may be used for residential purposes only, except as provided for professional offices. (Article 9(a) (page 7), By-Laws Section 5)

Voting & meetings

Each Unit Owner (including Sponsor for Unsold Units) entitled to one vote per Unit. Votes may be cast by proxy. (By-Laws Section 4.8(A) and (B))

Amendments

Declaration: Any provision may be amended by vote of all Unit Owners, recorded in Kings County Register’s Office; no amendment limits mortgagee rights. By-Laws: Amendments by Unit Owners as per Article 12. (Article 18 (page 14), By-Laws Article 12)

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