7 Cedar Lane Condominium

Key facts from 7 Cedar Lane Condominium's documents

Reflects the 2024 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title: '7 Cedar Lane Condominium')

Legal name

7 Cedar Lane Condominium

Developer / declarant

Parkview Realty WR LLC (Page 1: 'Sponsor: Parkview Realty WR LLC)

Governing law

Article 9-B of the Real Property Law of the State of New York (Page 1: 'Pursuant to Article 9-B of the )

Assessments & dues

Condominium Board adopts budget and sets Common Charges proportionally to Common Interests. (By-laws Section 2.4(iv) and 6.1)

Special assessments

Special Assessments are charges allocated by Board pro-rata according to Common Interests. (Exhibit C definition (36): 'Special Asse)

Collections & liens

Condominium Board may perfect a lien against a unit for unpaid Common Charges. (By-laws Section 4.8(B): 'if the Condomin)

Reserves & fees

Board may establish reserves; during Sponsor control, cannot exceed 5% of estimated Common Expenses without Sponsor consent. (By-laws Section 2.5(A)(ii): 'assess any )

Leasing & rentals

Units may be leased only in accordance with By-Laws and Rules and Regulations. (Article 9: 'Units may be leased only in )

Home business

Professional office allowed with Board consent and if permitted by law. (Article 9: 'Upon the prior written conse)

Setbacks / home size

3 stories (Article 5: 'The Buildings are three stor)

Maintenance

Roof is part of Common Elements. (Article 7(a)(ii): 'roofs' included in Co)

Use restrictions

Units shall be used only for residential purposes, except with prior Board consent for professional office. (Article 9: 'Units shall be used only for)

Voting & meetings

Each Unit Owner entitled to one vote per unit with vote proportionate to Common Interest. No vote if unit owned by Board or if lien perfected and unpaid. (By-laws Section 4.8)

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