316 Carroll Street Condominium HOA Inc

Key facts from 316 Carroll Street Condominium HOA Inc's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Units / lots

3 (tax lots 1001, 1002, 1003) (Exhibit B table and Declaration Article )

Developer / declarant

316 Carroll Street Villa LLC, having an address at 124-06 Metropolitan Avenue Kew Gardens, NY 11415 (Declaration opening paragraph)

Governing law

Article 9-B of the Real Property Law of the State of New York (the 'Condominium Act') (Declaration Article 2(a))

Age restriction

Not present.

Assessments & dues

Common Charges allocated and assessed by Condominium Board pro-rata in accordance with Common Interests (unless otherwise provided in Declaration or By-Laws). (Exhibit C definition (6) 'Common Charges)

Special assessments

Condominium Board may levy Special Assessments pro-rata in accordance with Common Interests (except as otherwise provided). (Exhibit C definition (33) 'Special Asses)

Collections & liens

If Unit Owner fails to pay Common Charges, Condominium Board may impose a lien on the Unit and may foreclose. (By-Laws Article 6 Section 6.4 and Articl)

Reserves & fees

Board may establish and maintain a general operating reserve or reserve fund for replacements or working capital. (Exhibit C definition (7) 'Common Expense)

Leasing & rentals

Yes, with right of first refusal (Article 7 of By-Laws). (By-Laws Article 7)

Home business

Not explicitly prohibited; subject to Rules and Regulations and Certificate of Occupancy.

Maintenance

Roof is Common Element; maintained by Board. However, roof terrace is Limited Common Element for Unit 1002 and 1003? Table shows roof area for Unit 1002 (296 sf) and Unit 1003 (66+402). Responsibility for Limited Common Elements not explici (Declaration Article 7B(iii): Limited Com)

Use restrictions

Each Unit may be used in accordance with local law and zoning; not more than one family may occupy a Unit at one time. (Declaration Article 9(a); By-Laws Sectio)

Voting & meetings

Each unit owner entitled to one vote per unit owned; cumulative voting allowed for directors; Sponsor votes as long as it owns any Units. (By-Laws Section 2.7 and Article 4 Sectio)

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