27 Westside Avenue Condominium

Key facts from 27 Westside Avenue Condominium's documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

27 WESTSIDE AVENUE CONDOMINIUM

Developer / declarant

MARTIN GROSS (Page 3 (Declaration))

Governing law

Article 9-B of the Real Property Law of the State of New York (Condominium Act) (Section 2 (SUBMISSION OF THE PROPERTY))

Assessments & dues

Board prepares annual budget and determines Common Charges and Special Assessments (By-Laws Section 2.4(iv)(v))

Special assessments

Allowed and defined as charges allocated by Board pro-rata according to Common Interests per By-Laws Section 6.1(C) (Exhibit C Definition (33) and By-Laws Se)

Reserves & fees

Allowed but cannot exceed 5% of budgeted operating expenses without 75% unit owner approval (By-Laws Sections 2.5(A)(ii) and 2.5(B)(i)

Leasing & rentals

Implicitly allowed; restriction on leasing is a material change requiring mortgagee consent (Section 19(c)(ix) (imposition of any res)

Architectural approval

Yes, for alterations, additions, improvements to any part of property allocated to unit (By-Laws Section 5.2(ii) (subject to writ)

Maintenance

Unit owner maintains interior (walls, ceilings, floors, fixtures, appliances, windows, doors, etc.); Board maintains Common Elements (By-Laws Section 5.1(A)(i) and (ii))

Insurance

Board obtains insurance on building (including Units) at full replacement cost (100% of replacement cost, exclusive of excavation/foundations) (By-Laws Sections 5.4(A) and (C)(i))

Use restrictions

Yes (Section 9 (USE OF THE UNITS - occupied o)

Voting & meetings

Each Unit Owner entitled to cast one vote per percentage of common interest owned; cumulative voting allowed (By-Laws Section 4.8(A) and 4.9(A))

Amendments

By 75% of Unit Owners in number and common interest; sponsor right to amend for floor plan filing; material amendments require consent of eligible mortgage holders representing at least 51% of votes of unit estates subject to mortgages (Section 19 (a) and (c))

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