215 Lafayette Avenue Condominium Association Inc.

Key facts from 215 Lafayette Avenue Condominium Association Inc.'s documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Declaration title and Article 9-B refere)

Units / lots

3 (formerly Lot 49, now Lots 1301-1303) (Declaration header and Schedule B)

Governing law

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

Assessments & dues

Board of Managers allocates assessments pro rata based on each Unit Owner's Common Interest (Schedule C definition of 'Assessments')

Special assessments

Not explicitly mentioned; assessments include Common Expenses generally (Schedule C: 'Assessments' defined as cha)

Collections & liens

Charges for maintenance of internal drains are a continuing lien on the land or unit (Paragraph 9a B); general lien provisions not specified in this excerpt (Declaration, paragraph 9a B)

Leasing & rentals

Yes, units may be leased; permitted lessees include officers, employees, etc. (Declaration, paragraph 7 (occupancy incl)

Architectural approval

Not explicitly in declaration; but exterior alterations require Landmarks Preservation Commission approval because building is in historic district (Declaration, paragraph 1: 'certain alter)

Home business

Allowed if permitted by zoning and with prior written consent of Board of Managers; also professional offices by resident with Board consent (Declaration, paragraph 7)

Signs & flags

Sponsor reserved right to erect signs for advertising sales; no rule about owner signs in this excerpt (Declaration, paragraph 10 C)

Use restrictions

Units may be used only for private residential use, except home occupation permitted with zoning and Board consent (Declaration, paragraph 7: 'Each of the R)

Voting & meetings

Based on percentage of Common Interest per Schedule B (Declaration, paragraph 8 and Schedule B)

Amendments

Requires 66 2/3% in number and Common Interest of all Unit Owners; additional consent required from mortgagees if adverse to lien; Sponsor consent needed for unsold units; Sponsor may amend without vote for certain administrative purposes (Declaration, paragraph 15 (a)-(c))

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