163 Maple Avenue Condominium

Key facts from 163 Maple Avenue Condominium's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and throughout)

Legal name

163 MAPLE AVENUE CONDOMINIUM

Developer / declarant

ABRAHAM & CHAYA SCHIFF

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration FIRST, page 3; By-laws Artic)

Assessments & dues

Board determines annual budget including insurance, repairs, reserves, etc.; total prorated among units according to common interest percentages. (By-laws Article VI Section 2 (page 21-22)

Special assessments

Board may levy special assessments as needed, prorated same as regular assessments. (By-laws Article VI Section 2 (page 22))

Collections & liens

Unpaid common charges are a lien on the unit; may be foreclosed like a mortgage. Deficiency charged to all unit owners as common expense. Foreclosure sale purchaser not liable for prior charges. (Declaration Article TWELFTH (page 6-7); )

Reserves & fees

Board includes reserves in budget for maintenance, repair, replacement. (By-laws Article VI Section 2 (page 21): )

Pets

Allowed (pets of owners, guests, employees permitted). (By-laws Article VIII Section 3 (page 24))

Leasing & rentals

Yes, but subject to Board's right of first refusal; must pay all unpaid common charges before lease. (By-laws Article XI Section 1 (page 26))

Parking & vehicles

Commercial license plate vehicles may not be parked for a period in excess of 24 hours. (By-laws Article VIII Section 8(e) (page )

Architectural approval

Written consent of Board required for exterior alterations, any structure on common elements, and interior alterations affecting structural soundness. (Declaration Section 17(b) (page 8); By-l)

Maintenance

Board responsible (common element). (By-laws Article III Section 6 (page 19):)

Use restrictions

All Units shall be used for residential purposes only. (By-laws Article VIII Section 2 (page 24))

Voting & meetings

Each Unit Owner has one vote per unit owned; Board of Managers cannot cast votes on behalf of the Board. (By-laws Article II Section 2 (page 15))

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