149 Maple Ave Condominium

Key facts from 149 Maple Ave Condominium's documents

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

Community type

Condominium (Page 1 title and Article 2)

Legal name

149 MAPLE AVE CONDO

Developer / declarant

149 Maple LLC (Page 1 signature block)

Governing law

Article 9-B of the Real Property Law of the State of New York (Page 1 and Section 2)

Assessments & dues

Board prepares budget, determines Common Charges (pro-rata per Common Interest) and Special Assessments (By-Laws Section 2.4(iv),(v), Page 26)

Special assessments

Board may levy Special Assessments to meet Common Expenses not covered in budget, assessed pro-rata per Common Interest (Exhibit C definition (33), Page 19-20; B)

Collections & liens

Board may perfect a lien against a unit for unpaid common charges; Unit Owner loses voting rights if lien perfected and unpaid (By-Laws Section 4.8(B), Page 38; Section)

Maintenance

Unit Owner bears cost of repairs necessitated by condition in unit; also responsible for damage to other units or Common Elements resulting from failure to maintain unit (By-Laws Section 5.1(B), Pages 39-40)

Use restrictions

Each Unit shall be used in accordance with use permitted by local law and zoning regulations and the use of occupancy, and not more than one family may occupy a Unit (Declaration Section 9, Page 6)

Voting & meetings

Each Unit Owner entitled to one (1) vote for each percentage of common interest owned; cumulative voting allowed; Sponsor controls vote as long as owns majority of Units (By-Laws Section 4.8, Page 37-38)

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