57 Decatur St Condominium Corp.

Key facts from 57 Decatur St Condominium Corp.'s documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Document type: CONDO DECLARATION; Name: )

Units / lots

3 tax lots (1101 through 1103) (Article 3: designated herein as Lots 110)

Developer / declarant

JB Decatur LLC (Declaration Preamble: JB Decatur LLC, 14)

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration Preamble and Article 2)

Assessments & dues

Board determines Common Expenses and fixes Common Charges pro rata based on Common Interests (By-laws Section 6.1 (A),(B))

Special assessments

Board may levy Special Assessments for unanticipated expenses (By-laws Section 6.1(C): Special Assessme)

Collections & liens

Board may impose a lien on the unit for unpaid common charges and foreclose (By-laws Section 6.4: The Board may file )

Reserves & fees

Board may establish a reserve fund for replacements, working capital, or deficits (By-laws Section 6.1: establishment and/o)

Leasing & rentals

Yes, a Unit Owner may sell, transfer, assign, lease, or otherwise convey his or her Unit (By-laws Section 7.1: A Unit Owner may se)

Maintenance

Board (Common Element) (Article 7(A)(ii): roofs are General Comm)

Insurance

Board shall obtain insurance for the Property, including Units (By-laws Section 5.4: to obtain insurance)

Use restrictions

Each Unit may be used in accordance with permitted use and not more than one family may occupy a Unit at once (Article 9 of Declaration: each Unit may )

Voting & meetings

Each unit owner has one vote per unit owned (By-laws Section 2.7: In all votes of Uni)

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