111 Decatur Avenue Condominium

Key facts from 111 Decatur Avenue Condominium's documents

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

Community type

Condominium (Page 1: '111 Decatur Avenue Condominium')

Legal name

111 Decatur Avenue Condominium

Governing law

Article 9-B of the Real Property Law of the State of New York (FIRST, Page 3: 'submits the property... )

Assessments & dues

Board fixes and determines monthly assessments for common expenses, payable in advance. (By-laws Article VI Section 2 (Page 22-23)

Special assessments

Allowed. Levied and paid in same manner as regular assessments. Also may be levied for litigation costs. (By-laws Article VI Section 2 (Page 23): )

Collections & liens

Unpaid common charges constitute a lien on the unit, prior to all other liens except taxes and first mortgage. Foreclosure like mortgage. Delinquency over 90 days triggers foreclosure action. (Declaration TWELFTH (Page 6-7): 'constit)

Reserves & fees

Board may charge a monthly fee of not more than $15 for late payment. (By-laws Article VI Section 2 (Page 23): )

Pets

Implied allowed subject to rules; not restricted. (By-laws Article VIII Section 3 (Page 25))

Leasing & rentals

Allowed but subject to Board's right of first refusal to buy any unit offered for resale (not for lease). No mention of leasing restrictions other than that. (By-laws Article XI Section 1 (Page 27): )

Architectural approval

Yes for exterior alterations, structures on common elements, and interior alterations affecting structural soundness. (Declaration SEVENTEENTH (b) (Page 8): 'N)

Home business

Not explicitly addressed; residential use only likely prohibits business use. (By-laws Article VIII Section 2: 'residen)

Maintenance

Board (common expense) - roof is part of common elements. (By-laws Article III Section 6 (Page 19):)

Insurance

Fire insurance with extended coverage on building, units, initially installed fixtures, heating/hot water equipment, at full replacement value. Also public liability insurance with $1,000,000 limit initially. (By-laws Article VII Section 1 (Page 24):)

Use restrictions

Occupancy restricted to residential use in accordance with zoning. (Declaration SEVENTEENTH (i) (Page 9): 'O)

Voting & meetings

Each Unit Owner shall have one vote for each percentage of common interest set forth in Exhibit B (Declaration). However, By-laws state one vote per unit. Declaration controls in case of conflict. (Declaration EIGHTH (Page 6): 'one vote f)

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