130 Route 59 Condominium

Key facts from 130 Route 59 Condominium's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

130 ROUTE 59 CONDOMINIUM

Developer / declarant

Stage Street Properties, LLC (Pg 4, Declaration)

Governing law

Article 9-B of the Real Property Law of the State of New York (Article 1 (pg 4), Declaration)

Assessments & dues

Board determines budget annually, total common expenses apportioned by Common Interest percentages (By-Laws Article VI Section 2 and 3 (pg 4)

Special assessments

Board may assess charges pro-rata in accordance with Common Interests (Schedule 1 definition of Special Assessm)

Collections & liens

Common Charges constitute a lien on the Unit, prior to all other liens except taxes and first mortgages; may be foreclosed under NY law (Declaration Article 11 (pg 10-11); By-La)

Reserves & fees

Common Expenses include amounts for working capital, contingency reserve fund, replacement reserve (By-Laws Article VI Section 3(a)(i) (pg 4)

Leasing & rentals

Yes, subject to right of first refusal (By-Laws Article XI) (By-Laws Article XI (pg 26-27))

Architectural approval

Alterations to exterior surfaces, windows, doors, or structural interior require written consent of Board of Managers (Declaration Article 16(a) (pg 12))

Maintenance

Unit Owner maintains Unit in good repair; Association maintains Common Elements (costs are Common Expenses) (Declaration Article 16(a) (pg 12); Artic)

Insurance

Board shall obtain insurance for Common Elements and Units as per Article VIII of By-Laws (By-Laws Article VIII (pg 26) and Article)

Voting & meetings

One vote for each .0001% of Common Interest; no cumulative voting; voting may not be divided (Declaration Article 8 (pg 8); By-Laws Ar)

Amendments

Declaration may be amended by vote of both Unit Owners (majority of Common Interest) and Declarant's consent in certain cases; amendments affecting mortgagees require their consent (Declaration Article 10(b) (pg 8-9))

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