29 Collins Ave Condominium

Key facts from 29 Collins Ave Condominium's documents

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

Community type

condominium (29 COLLINS AVE CONDOMINIUM)

Legal name

29 COLLINS AVE CONDOMINIUM

Developer / declarant

29 COLLINS LLC

Governing law

Article 9-B of the Real Property Law of the State of New York (PURSUANT TO ARTICLE 9-B OF THE REAL PROP)

Assessments & dues

Board determines amount and collects Common Charges and Special Assessments (By-Laws Section 2.4(v))

Special assessments

Board may levy Special Assessments for deficiencies or other purposes (By-Laws Section 2.4(v) and Definition (3)

Collections & liens

Assessment liens referenced in amendment context; Board may enforce by legal means (Declaration Section 19(b)(ii); By-Laws S)

Leasing & rentals

Yes, subject to Board approval (Declaration Section 9: to lease his/her )

Architectural approval

Board approval required for alterations, additions, or improvements to a Unit (By-Laws Section 5.2(A)(ii): subject to t)

Maintenance

Unit Owner responsible for interior of Unit; Association for Common Elements; Limited Common Elements (decks) by Unit Owner (By-Laws Section 5.1; Declaration Section)

Insurance

Board may determine deductible amounts (By-Laws Section 5.4(D))

Use restrictions

Each Unit shall be used for residential purposes only; not more than one family may occupy a Unit (Declaration Section 9)

Voting & meetings

Each Unit Owner casts one vote per percentage of interest owned; cumulative voting for Board elections; Sponsor votes for unsold units (By-Laws Section 4.8 and 4.9)

Amendments

Unanimous vote of Unit Owners with mortgagee consent exceptions; Sponsor can amend for plans without vote; Board may amend By-Laws with certain mortgagee approvals (Declaration Section 19)

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