32 Cedar Lane Condominium

Key facts from 32 Cedar Lane Condominium's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Name: 32 CEDAR LANE CONDOMINIUM)

Legal name

32 CEDAR LANE CONDOMINIUM

Developer / declarant

LDBN HOLDINGS LLC

Governing law

Article 9-B of the Real Property Law of the State of New York (Preamble)

Assessments & dues

Board determines Common Charges and Special Assessments based on budget (Section 2.4(v))

Reserves & fees

Board may establish reserves; during declarant control limited to 10% of budgeted operating expenses unless for health/safety (Section 2.5(B)(vii))

Architectural approval

Failure of Board to respond within a specified time (not given) shall be deemed approval (Article 10)

Maintenance

Unit owner responsible for damage to unit or common elements caused by failure to maintain their unit (Section 5.1)

Use restrictions

Units may be used only as permitted by local law and certificate of occupancy; not more than one family per unit (Article 9)

Voting & meetings

Majority of all unit owners in person or by proxy (Section 4.5)

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