108 Washington Avenue Condominium

Key facts from 108 Washington Avenue 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

108 Washington Avenue Condominium

Developer / declarant

Wolf Roettenberg

Governing law

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

Assessments & dues

Board of Managers shall fix and determine budget at least annually, determine total amount required including operational items, and prorate among Units according to common interest. (By-laws Art VI Sec 2)

Special assessments

Special assessments, if required, shall be levied and paid in the same manner as regular assessments. (By-laws Art VI Sec 2)

Collections & liens

Common charges constitute a lien on the Unit prior to all other liens except taxes and first mortgages. (ELEVENTH)

Reserves & fees

Board may charge a monthly fee not more than $15 to cover additional burden of collection. (By-laws Art VI Sec 2)

Pets

Yes, but subject to rules; pets may not be used in any manner that is illegal, disturbing, or a nuisance. (By-laws Art VIII Sec 3)

Leasing & rentals

Yes, but subject to Board's right of first refusal and payment of all unpaid common charges before lease. (By-laws Art XI Sec 1)

Parking & vehicles

Commercial license plate vehicles may not be parked in the Community for a period in excess of 24 hours. (By-laws Art VIII Sec 8(e))

Architectural approval

Board must answer within 60 days after receipt of written request; failure to respond within 60 days means no objection. (By-laws Art VIII Sec 7)

Maintenance

Roof is common element, maintenance and replacement by Board as common expense. (By-laws Art III Sec 6 (exterior walls, r)

Insurance

Fire insurance with extended coverage, water damage, malicious mischief endorsements covering building including improvements, fixtures, equipment initially installed; full replacement value. (By-laws Art VII Sec 1)

Use restrictions

Occupancy of Units restricted to Residential Occupancy in accordance with applicable zoning regulations. (SEVENTEENTH (i))

Voting & meetings

Each Unit Owner shall have one vote for each percentage of common interest set forth in Exhibit B. (EIGHTH: Common Interest)

Amendments

Declaration amendment requires 66-2/3% of Unit Owners in number and approval by mortgagees representing at least 51% of unit votes subject to first-lien mortgages. (TENTH(b))

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