35 Washington Avenue Condominium

Key facts from 35 Washington Avenue Condominium's documents

Community type

Condominium (Declaration FIRST: Submission of Propert)

Legal name

35 Washington Avenue Condominium

Developer / declarant

Victor Gluck

Governing law

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

Assessments & dues

Board determines budget at least annually, prorates common charges among units according to common interest (By-laws Article VI Section 2)

Special assessments

Board may levy special assessment; for improvements over $5,000 need majority Unit Owner approval; while Sponsor controls, over $2,000 need approval (By-laws Article III Section 5(11) and (1)

Collections & liens

Unpaid common charges constitute a lien on the unit, prior to all liens except taxes and first mortgages. Lien may be foreclosed like a mortgage. Board shall take foreclosure action if unpaid 90 days from due date. (Declaration TWELFTH; By-laws Article VI )

Reserves & fees

Board shall maintain any other accounts it deems necessary (By-laws Article VI Section 7)

Pets

Pets are permitted but must not cause nuisance (By-laws Article VIII Section 3: "their e)

Leasing & rentals

Units may be sold or leased but Board has right of first refusal to buy any Unit offered for resale; unpaid common charges must be paid or paid from proceeds (By-laws Article XI Section 1)

Architectural approval

Consent may be requested by certified mail, return receipt requested to Management Agent or President of Board. Board must answer within 60 days; failure to do so means no objection. (By-laws Article VIII Section 7; Declarat)

Maintenance

Board responsible for common elements: exterior walls, roofs, public utility lines, exterior maintenance. Unit Owners responsible for interior maintenance, windows, doors (except exterior painting), heating/AC, pipes/wires within Unit. (By-laws Article III Section 6)

Insurance

Fire insurance with extended coverage, water damage, vandalism, malicious mischief on Building including units and fixtures initially installed by Sponsor; public liability insurance with single limit $1,000,000 per occurrence until first m (By-laws Article VII Section 1)

Use restrictions

Occupancy of Units restricted to Residential Occupancy (Declaration SEVENTEENTH(i); By-laws Arti)

Voting & meetings

Each Unit Owner has one vote per percentage of common interest (Unit 1: 49.62%, Unit 2: 50.38%) (Declaration EIGHTH; EXHIBIT "B")

Amendments

By-laws may be amended by 66-2/3% of Unit Owners in number and common interest at a meeting with notice containing full statement; amendment recorded. Material adverse to first mortgagees requires 51% mortgagee vote. (By-laws Article X)

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