30 Ridge Avenue Condominium

Key facts from 30 Ridge Avenue Condominium's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Title: '30 RIDGE AVENUE CONDOMINIUM')

Legal name

30 RIDGE AVENUE CONDOMINIUM

Developer / declarant

MEA HOLDINGS LLC (Page 1: 'DECLARANT: MEA HOLDING&¥LLC')

Governing law

Article 9-B of the Real Property Law of the State of New York (Page 1: 'PURSUANT TO ARTICLE 9-B OF THE )

Assessments & dues

Condominium Board determines the amount and establishes the means and methods of payment of Common Charges. (By-Laws Section 2.4(v): 'to determine th)

Special assessments

Permitted; charges allocated and assessed by Condominium Board to Unit Owners, prorata in accordance with Common Interests. (Exhibit C Definition (32): 'Special Asse)

Collections & liens

Common charges constitute a lien on the Unit; foreclosure may occur. Notice to mortgagees required. Unpaid liens deducted from termination proceeds. (By-Laws Section 8.3: 'Notice of Unpaid C)

Reserves & fees

Reserve for contingencies limited to 10% of budgeted operating expenses for ensuing twelve months unless needed for legal/health/safety items. (By-Laws Section 2.5(B)(iii): 'a twelve-m)

Leasing & rentals

Yes; units may be sold or leased subject to Right of First Refusal. (By-Laws Article 7: 'Rights of First Refu)

Architectural approval

Board approval required for alterations, additions, improvements or changes in or to a Unit. (By-Laws Section 5.2: 'no Unit Owner shal)

Home business

Permitted only for professional office by the owner of the unit. (By-Laws Section 5.7(A): 'Any Unit may be)

Maintenance

Unit owner for unit interior; Board for Common Elements as Common Expense. If work necessitated by unit condition, owner liable for costs not paid by insurance. (By-Laws Section 4.11: 'all painting, dec)

Use restrictions

Unit may be used in accordance with local law and Certificate of Occupancy; any unit may be partially used as a professional office by owner only. (By-Laws Section 5.7(A): 'such Unit may b)

Voting & meetings

Each Unit Owner casts one vote per Unit owned. In Board elections, each Unit Owner elects one Board Member. (By-Laws Section 4.9(A): 'Each owner of a)

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