518 Madison Condo Association Ltd.

Key facts from 518 Madison Condo Association Ltd.'s documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Cover page: CONDO DECLARATION; submitted)

Developer / declarant

Everton Roy Sylvester a/k/a Everton Roy Sylvestor (Declarant section p.F-1; signature page)

Governing law

Article 9-B of the Real Property Law of the State of New York (Article 2, Submission of the Property; C)

Special assessments

Yes, defined as charges allocated pro-rata per Common Interest (except as otherwise provided). (Exhibit C(33) Special Assessments; By-La)

Leasing & rentals

Yes, implied by reference to permitted lessees. (Article 9)

Use restrictions

Units may be used only in accordance with local law, zoning, Certificate of Occupancy; not more than one family per unit at one time. (Article 9, Use of the Units)

Voting & meetings

Each Unit Owner votes proportionally to Common Interest (Exhibit B percentages). (By-Laws Section 4.8; Article 12)

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