39 Washington Avenue Condominium

Key facts from 39 Washington Avenue Condominium's documents

Reflects the 2010 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

39 Washington Avenue Condominium

Developer / declarant

Lazer Soifer Family Trust

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration FIRST; Declaration page 3; B)

Assessments & dues

Board determines annual budget and levies monthly assessments ('common charges') payable in advance, pro rata based on common interest. Special assessments also possible. Board may increase by up to 25% if needed for additional expenses. (By-laws Article III Section 5 (powers 1,)

Special assessments

Yes. Board may levy special assessments for litigation, deficits, capital improvements (with unit owner approval if over $5,000 while Sponsor not in control), etc. (By-laws Article III Section 5 (powers 10)

Collections & liens

Unpaid common charges constitute a lien on the Unit, prior to all other liens except tax assessments and first mortgages. Lien may be foreclosed like a mortgage. Board may recover costs and attorneys' fees. Foreclosure sale proceeds insuffi (Declaration TWELFTH; By-laws Article III)

Reserves & fees

Monthly fee of not more than $15 for delinquent Unit Owners (By-laws Article VI Section 2)

Pets

Allowed, provided they are not a nuisance or disturbance. (By-laws Article VIII Section 3 (Unit Own)

Leasing & rentals

Unit Owner may lease, but subject to Board's right of first refusal to buy any Unit offered for resale. Unpaid common charges must be paid before lease. Violation renders lease voidable. (By-laws Article XI Section 1)

Architectural approval

Written consent of Board required for alterations to exterior or common elements, and for interior alterations affecting structural soundness. Also for building any structure on common or restricted common elements. (Declaration SEVENTEENTH (b); By-laws Art)

Maintenance

Roof is a common element; maintenance and repair are common expenses. (By-laws Article III Section 6 (first sen)

Use restrictions

Occupancy restricted to residential occupancy in accordance with applicable zoning regulations. (Declaration SEVENTEENTH (i))

Voting & meetings

Each Unit Owner has one vote per percentage of common interest (i.e., each Unit has one vote, but vote weight is proportional to common interest). Each Unit appoints a Manager to vote. Board of Managers cannot cast its votes. (Declaration EIGHTH: 'one vote for each p)

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