18 Westside Avenue Condominium

Key facts from 18 Westside Avenue Condominium's documents

Reflects the 2011 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (18 WESTSIDE AVENUE CONDOMINIUM)

Legal name

18 WESTSIDE AVENUE CONDOMINIUM

Developer / declarant

18 WESTSIDE LLC

Governing law

Article 9-B of the Real Property Law of the State of New York (Condominium Act) (pursuant to Article 9-B of the Real Prop)

Assessments & dues

Common Charges and Special Assessments determined by Condominium Board, allocated pro rata in accordance with Common Interests (Definitions (32) Common Charges: charges)

Special assessments

Permitted; requires approval of 75% of Unit Owners for capital improvements unless required by law or insurance (Section 2.5(B)(iii): impose any Common C)

Collections & liens

Unpaid Common Charges may become a lien; Board may enforce (Section 20: no payment shall be made to )

Reserves & fees

Cannot establish reserves exceeding 5% of budgeted operating expenses without 75% Unit Owner approval (Section 2.5(B)(iv): establish any reserv)

Architectural approval

Written approval of Board of Managers required for alterations, additions, or improvements to Unit (By-Laws Section 5.2(A): subject to the w)

Maintenance

Unit Owner responsible for interior maintenance, repair, replacement of Unit; Association (Board) responsible for Common Elements as Common Expense (By-Laws Section 5.1(A)(i): in or to any )

Insurance

Fire insurance with extended coverage, vandalism and malicious mischief, insuring the Building (including Units and improvements) at full replacement cost; liability insurance with minimum $500,000 aggregate until first meeting (By-Laws Section 5.4(A): fire insurance p)

Use restrictions

Units shall be used for residential purposes only (Section 9: Units shall be used for resid)

Voting & meetings

Each unit owner casts one vote per percentage of common interest owned; cumulative voting allowed in board elections (Section 4.8: each unit owner will be ent)

Amendments

By vote of at least 75% in number and percentage of common interest of all Unit Owners; material amendments require consent of mortgage holders representing at least 51% of votes of unit estates subject to mortgages (Declaration Section 19(a): may be amende)

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