1 Gwen Lane Condominium

Key facts from 1 Gwen Lane Condominium's documents

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

Community type

Condominium

Legal name

1 Gwen Lane Condominium

Developer / declarant

Zev and Bruchi Drezdner & Nelson and Devora Fisch

Governing law

Article 9-B of the Real Property Law of the State of New York (FIRST: Submission of Property)

Assessments & dues

Board determines common charges at least annually, sends budget to Unit Owners and mortgagees (By-laws ARTICLE VI Section 1,2)

Special assessments

Board may levy special assessments; paid same as regular assessments (By-laws ARTICLE VI Section 2)

Reserves & fees

Up to $15 per month for late payment (By-laws ARTICLE VI Section 2)

Leasing & rentals

Allowed, subject to Board's right of first refusal (By-laws ARTICLE XI Section 1)

Architectural approval

Request by certified mail; Board must respond within 60 days; failure to respond within 60 days means no objection (By-laws ARTICLE VIII Section 7)

Maintenance

Unit Owner: interior maintenance, windows, doors, heating/AC, pipes/conduits within unit. Association: common elements including exterior walls, roof, public utility lines; limited common elements (deck, balcony, patio) restricted to Unit O (By-laws ARTICLE III Section 6)

Insurance

Unit Owners may carry additional insurance provided policies contain waiver of subrogation and do not reduce master policy coverage (By-laws ARTICLE VII Section 1)

Voting & meetings

2/3 of Unit Owners in number present in person or by proxy (By-laws ARTICLE II Section 3)

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