14 Twin Ave Condominium

Key facts from 14 Twin Ave Condominium's documents

Reflects the 2013 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Page 1, title: 'DECLARATION OF CONDOMINI)

Legal name

14 TWIN AVE CONDOMINIUM

Developer / declarant

AARON OBERLANDER

Governing law

Article 9-B of the Real Property Law of the State of New York (Page 1, 'PURSUANT TO ARTICLE 9-B OF THE )

Assessments & dues

Condominium Board determines Common Charges and Special Assessments (By-Laws Section 2.4(A)(v) (Page 24))

Special assessments

Allowed by Board; for capital improvements requires 75% Unit Owner approval (By-Laws Section 2.5(B)(iii) (Page 27))

Reserves & fees

May establish reserves, but limited to twelve-month reserve not exceeding ten percent of budgeted operating expenses (By-Laws Section 2.5(B)(iv) (Page 27))

Maintenance

Unit Owner responsible for maintenance of Unit and Limited Common Elements (decks, storage); Condominium Board responsible for Common Elements (Declaration Section 8 (Page 6) and By-La)

Insurance

Board determines deductible amounts (By-Laws Section 5.4(C) (Page 40))

Use restrictions

Each Unit may be occupied by a single family; use permitted by local law and zoning (Declaration Section 9 (Page 6))

Voting & meetings

Each Unit Owner is entitled to one vote for each percentage of interest owned; cumulative voting allowed (By-Laws Section 4.8(A) (Page 35))

Amendments

By Majority of Unit Owners; certain amendments require mortgagee consent, unit owner consent, or 60-day implied consent for mortgagees (Declaration Section 19 (Page 10))

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