52 Collins Ave Condominium

Key facts from 52 Collins Ave Condominium's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

52 Collins Ave Condominium

Developer / declarant

ACE BUILDERS NY LLC

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration, first page (PAGE 3))

Assessments & dues

Condominium Board determines amount and establishes means and methods of payment of Common Charges and Special Assessments from Unit Owners (By-Laws Section 2.4(A)(v) (PAGE 25-26))

Special assessments

Special Assessments defined and allowed; may be levied by Condominium Board for deficiencies not covered by insurance, etc. (By-Laws Section 6.1(C) (mentioned in Exh)

Collections & liens

Condominium Board may collect unpaid Common Charges and enforce liens; Permitted Mortgagees have notice rights (By-Laws Article 8 (PAGE 29-31), specific)

Leasing & rentals

Leasing of entire Unit appears permitted; no leasing of a portion of a Unit; no transient occupants (By-Laws Section 5.7(B) (PAGE 39-40))

Architectural approval

Alterations, additions, improvements, or changes in layout of a Unit require approval of the Board (Declaration Article 9 (PAGE 6-7) and By-)

Maintenance

Unit Owner responsible for interior maintenance, painting, decorating, repairs, replacements; Board responsible for Common Elements (By-Laws Section 5.1(A) (PAGE 37-38))

Use restrictions

Implicit; units are condominium residential units; no explicit statement but occupancy limited to owners, family members, guests, and approved others (By-Laws Section 5.7(B) (PAGE 39-40))

Voting & meetings

Each Unit Owner casts one (1) vote per Unit; in Board elections each Unit Owner elects one Board Member (By-Laws Section 4.9(A) (PAGE 36-37))

Amendments

Declaration may be amended by vote of all Unit Owners; certain amendments require written consent of mortgagees or owners affected; material amendments require consent of eligible mortgagees representing at least 51% of votes of unit estate (Declaration Article 19 (PAGE 9-10))

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