7 Collins Ave Condominium

Key facts from 7 Collins Ave Condominium's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

7 COLLINS AVE CONDOMINIUM

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration, Page 1: 'PURSUANT TO ARTICL)

Assessments & dues

Condominium Board determines Common Charges and Special Assessments based on an annual budget adopted by the Board; charges allocated pro-rata in accordance with Common Interests. (By-laws, Sections 2.4(iv) and (v), Page )

Special assessments

Special Assessments are charges allocated and assessed by the Condominium Board pro-rata in accordance with Common Interests, as provided in Section 6.1(C) of By-laws. (Declaration, Definitions (33) Special As)

Maintenance

Unit Owner responsible for interior painting, decorating, maintenance, replacements (including interior walls, ceilings, floors, fixtures, windows, doors, exposed plumbing, etc.); Condominium Board responsible for Common Elements. Limited C (By-laws, Section 5.1, Page G-14 (page 37)

Insurance

May be determined by Condominium Board. (By-laws, Section 5.4, Page G-18 (page 40)

Use restrictions

Units are to be used for residential purposes; no more than one family may occupy a Unit at one time. (Declaration, Section 9, Page F-3 (page 5)

Voting & meetings

Each Unit Owner casts one vote per percentage of interest owned; cumulative voting for Board elections; Sponsor votes as long as owns Unsold Units; no vote for units owned by Condominium Board; co-owners must designate one person to vote. (By-laws, Section 4.8, Page G-13 (page 35)

Amendments

Declaration may be amended by vote of Unit Owners as provided in the Condominium Act; Sponsor reserves right to amend without vote for filing incomplete Floor Plans; Material amendments require consent of 51% of eligible mortgage holders; n (Declaration, Section 19, Pages F-6 to F-)

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