38 Cedar Lane Condominium

Key facts from 38 Cedar Lane Condominium's documents

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

Community type

Condominium

Legal name

38 Cedar Lane Condominium

Developer / declarant

Bnos Esther LLC (Declaration preamble)

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration heading)

Assessments & dues

Not fixed; determined annually by Condominium Board based on budget (Section 6.1, page 25 (By-Laws))

Special assessments

Permitted; levied by Board (Definition (33), page 21; Section 6.1)

Collections & liens

On default of Common Charges, Board may file lien and foreclose (Section 6.4, page 27 (By-Laws))

Leasing & rentals

Leasing possible; Condominium Board may permit occupancy by persons other than owners and family members; Article 7 addresses selling and leasing (details not fully provided) (Section 5.6(B), page 49; Article 7 table)

Architectural approval

Required for modifications that are structural or exceed $5,000 aggregate per calendar year; Board must respond within 15 days, failure deems waiver (By-Laws Section 5.2 (paraphrase from pag)

Home business

Unit may be partially used as professional office by the owner only (Section 5.6(A), page 49)

Maintenance

Association responsible for maintenance, repair, replacement of Common Elements; Unit Owner responsible for interior and exterior glass washing, and for costs caused by their negligence (Section 5.1(A) and (B), pages 42-43)

Insurance

Fire insurance with all risk extended coverage, vandalism, malicious mischief; liability insurance; rent insurance; workmen's compensation; boiler and machinery; cross-liability coverage (Section 5.4(A) and (B), pages 45-46)

Use restrictions

Each Unit may be used only as permitted by local law and Certificate of Occupancy; not more than one family per unit (Article 9, page 7)

Voting & meetings

Each Residential Unit Owner casts one vote; Sponsor votes on unsold units; elections by plurality (Section 4.8, page 40-41)

Amendments

Declaration may be amended by vote of 66 2/3% of Unit Owners in accordance with By-Laws (Article 18, page 13)

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