14 Ostereh Boulevard Condominium

Key facts from 14 Ostereh Boulevard Condominium's documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and Article FIRST)

Legal name

14 OSTEREH BOULEVARD CONDOMINIUM

Developer / declarant

Shaul Rosenblum

Governing law

Article 9-B of the Real Property Law of the State of New York (Preamble and Article FIRST)

Assessments & dues

Not fixed; Board fixes budget annually (By-laws Article VI Section 2)

Special assessments

Allowed; levied and paid in same manner as regular assessments; for litigation; for additions/alterations to common elements over $5,000 requires majority of Unit Owners; over $10,000 requires 66-2/3% consent (By-laws Article VI Section 2; Article II)

Collections & liens

Unpaid common charges constitute a lien on the Unit, prior to all other liens except tax liens and first mortgages; may be foreclosed like a mortgage; also separate money judgment available (Declaration TWELFTH; By-laws Article VI )

Reserves & fees

An operating fund shall be maintained for all Units; disbursements for operation; other accounts as Board deems necessary (By-laws Article VI Sections 6,7)

Pets

Yes, mentioned in context of owners, family, tenants, guests and their pets (By-laws Article VIII Section 3)

Leasing & rentals

Yes, but subject to Board's right of first refusal to buy any Unit offered for resale; all unpaid common charges must be paid before conveyance or lease (By-laws Article XI Section 1)

Parking & vehicles

Commercial license plate vehicles may not be parked in the Community for more than 24 hours (By-laws Article VIII Section 8(e))

Architectural approval

Board must respond within 60 days; failure to respond means no objection (By-laws Article VIII Section 7)

Maintenance

Unit Owners responsible for interior maintenance, repairs, replacements including electrical/plumbing in unit, painting/decorating, windows, doors, heating/AC, pipes/wires within unit; Board responsible for common elements, exterior, roof, (By-laws Article III Section 6)

Insurance

Fire insurance with extended coverage, water damage, etc. on Buildings including fixtures installed by Sponsor, heating, etc.; public liability insurance; initial fire insurance at least $600,000 for all units; initial public liability at l (By-laws Article VII Sections 1, 2)

Use restrictions

Occupancy of the Units shall be restricted to Residential Occupancy in accordance with applicable zoning regulations (Declaration SEVENTEENTH (i))

Voting & meetings

Each Unit Owner shall have one vote for each percentage of common interest set forth in EXHIBIT "B" (Declaration Eighth); also each Unit Owner entitled to one vote per Unit owned (By-laws Article II Section 2) (Declaration EIGHTH; By-laws Article II S)

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