4 Anthony Drive Condominium

Key facts from 4 Anthony Drive Condominium's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Declaration, Article 4: Condominium)

Legal name

4 ANTHONY DRIVE CONDOMINIUM

Developer / declarant

ANTHONY DEVELOPMENT LLC (Declaration, signature block)

Governing law

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

Assessments & dues

Board determines and levies monthly common charges to cover cost of common expenses, based on an annual budget sent to Unit Owners (By-laws Article III Section 5(1) and Art)

Special assessments

Board may levy special assessments if required to meet additional necessary expenses, by a vote of a majority of the Board (By-laws Article III Section 5(1) and Art)

Collections & liens

Unpaid common charges constitute a lien on the Unit prior to all liens except tax liens and first mortgage; can be foreclosed like a mortgage after 90 days' delinquency (Declaration Article 12; By-laws Article )

Reserves & fees

Up to $15 per month for delinquent common charges, plus interest at maximum legal rate from due date (By-laws Article VI Section 2)

Pets

Yes, but must not be disturbing or a nuisance to other owners (By-laws Article VIII Section 3 (mentions)

Leasing & rentals

Yes, but subject to Board's right of first refusal and requirement to pay all unpaid common charges before sale or lease (By-laws Article X (Sale of Units) Sectio)

Parking & vehicles

Commercial license plate vehicles cannot be parked for more than 24 hours (By-laws Article VIII Section 7(e))

Architectural approval

Yes, written consent of Board required for any alteration to exterior of Unit, common elements, or structural changes (By-laws Article VIII Section 7(a)-(b))

Maintenance

Association responsible for roof maintenance and repair (By-laws Article III Section 6 (common el)

Insurance

Fire insurance with extended coverage, water damage, vandalism, malicious mischief covering Building including Units and improvements, initially at least $600,000 (By-laws Article VII Section 1)

Use restrictions

Occupancy restricted to residential occupancy in accordance with zoning regulations (Declaration Article 17(i); By-laws Artic)

Voting & meetings

Each Unit Owner has one vote per percentage of common interest (Exhibit B); at Unit Owner meetings each Unit appoints a Manager who votes in person or by proxy (Declaration Article 8; By-laws Article I)

Amendments

By-laws may be amended by 66 2/3% of Unit Owners in common interest; material changes to voting rights, assessments, reserves, etc. require mortgagee approval (By-laws Article IX (Amendments) - first )

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