34 Paikin Drive Condominium

Key facts from 34 Paikin Drive Condominium's documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title page, [[PAGE 1]])

Legal name

34 Paikien Drive Condominium

Developer / declarant

108 E 31ST LP

Governing law

Article 9-B of the Real Property Law of the State of New York (Title page, [[PAGE 1]])

Assessments & dues

Condominium Board determines amount and establishes means and methods of payment of Common Charges and Special Assessments (By-Laws Section 2.4(A)(v), [[PAGE 26]])

Special assessments

Allowed; Condominium Board may levy special assessments (By-Laws Section 2.4(A)(v), [[PAGE 26]])

Reserves & fees

Condominium Board may not reduce reserve, contingency, or surplus fund in excess of five percent in aggregate of estimated Common Expenses for any year of operation without Sponsor consent (By-Laws Section 2.5(A)(ii), [[PAGE 27]])

Leasing & rentals

Unit may be occupied by owner or his permitted lessee (Declaration Section 9, [[PAGE 6]])

Fences

Unit owner may erect a fence separating the yards on his limited common area (Declaration Section 9, [[PAGE 6]])

Home business

Unit may be partially used as a professional office of the owner if occupied only by that individual (By-Laws Section 5.7, [[PAGE 43]])

Maintenance

Unit Owner responsible for maintenance, repair, replacements in or to any Unit; Condominium Board responsible for Common Elements (By-Laws Section 5.1(A), [[PAGE 37]])

Use restrictions

Not more than one family may occupy a Unit; use must be permitted by local law and zoning (Declaration Section 9, [[PAGE 6]])

Voting & meetings

Each Unit Owner shall be entitled to cast one (1) vote for each Unit Owned (By-Laws Section 4.8, [[PAGE 36]])

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