27 Eisenhower Avenue Condominium

Key facts from 27 Eisenhower Avenue Condominium's documents

Reflects the 2010 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article FIRST: 'submits the property... )

Legal name

27 EISENHOWER AVENUE CONDOMINIUM

Developer / declarant

Shmuel Biston (First page: 'RECORD OWNER/DECLARANT' and)

Governing law

Article 9-B of the Real Property Law of the State of New York (Article FIRST, page 3)

Assessments & dues

Board determines and levies monthly assessments to cover common expenses, payable in advance. Budget fixed at least annually. (By-laws Art VI Sec 2)

Special assessments

Allowed; levied and paid in same manner as regular assessments. (By-laws Art VI Sec 2: 'Special assessmen)

Collections & liens

Unpaid common charges constitute a lien on the Unit prior to all other liens except tax/assessment liens and first mortgage. Foreclosure allowed like a mortgage. Board may purchase Unit at foreclosure. (Declaration ARTICLE TWELFTH; By-laws Art)

Reserves & fees

Interest at highest legal rate allowed by State of New York from due date to date of payment. (By-laws Art VI Sec 2: 'Interest at the h)

Pets

Implied allowed; rules state owners and pets shall not create nuisance or disturbance. (By-laws Art VIII Sec 3)

Leasing & rentals

Yes, subject to payment of unpaid common charges. Board has right of first refusal to buy any Unit offered for resale. (By-laws Art XI Sec 1)

Parking & vehicles

Commercial license plate vehicles may not be parked more than 24 hours. (By-laws Art VIII Sec 8(e))

Architectural approval

Yes for exterior alterations, alterations to common elements or restricted common elements, and interior alterations impairing structural soundness. (Declaration SEVENTEENTH (b); By-laws Art)

Home business

Not specifically addressed; 'no offensive, illegal or unlawful use' potentially restricts. (Declaration SEVENTEENTH (e))

Insurance

Fire insurance with extended coverage, water damage, malicious mischief, insuring Building including fixtures, equipment, heating, etc., at full replacement value. Also public liability insurance. (By-laws Art VII Sec 7)

Use restrictions

Yes 'Occupancy of the Units shall be restricted to Residential Occupancy in accordance with applicable zoning regulations.' (Declaration SEVENTEENTH (i))

Voting & meetings

Each Unit Owner has one vote for each percentage of common interest set forth in Exhibit 'B'. The Board of Managers (if Sponsor) cannot cast its votes for election of any member to the Board. (By-laws Art II Sec 2; Declaration EIGHTH)

Amendments

Declaration: amended by instrument executed by Board upon vote of 66-2/3% of Unit Owners in number, with mortgagee approval for material adverse changes (51% of mortgage votes). By-laws: amended at Unit Owners meeting with 66-2/3% of Unit O (Declaration TENTH; By-laws Art X)

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