93 North Garfield Condominium

Key facts from 93 North Garfield Condominium's documents

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

Community type

condominium (Document title and Article 9-B reference)

Units / lots

3 (formerly Lot 15.1, now 15.1-1, 15.1-2, 15.1-3) (Declaration text and Exhibit B)

Governing law

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

Assessments & dues

Condominium Board determines Common Charges based on an annual budget; charges are allocated pro-rata according to Common Interests (By-Laws Section 6.1)

Special assessments

Permitted; Condominium Board may levy Special Assessments for deficits, capital improvements, etc., subject to certain vote requirements (if >$25,000 borrowing requires consent of all Unit Owners and all Board members) (By-Laws Section 2.4(A)(vi) and Section 6)

Collections & liens

Condominium Board has a lien on a Unit for unpaid Common Charges and may enforce by sale or foreclosure under the Condominium Act (By-Laws Section 6.4)

Reserves & fees

Common Expenses may include establishment and maintenance of a general operating reserve or reserve fund for replacements (Exhibit C definition (7)) (Exhibit C, Definition (7))

Leasing & rentals

Yes, Units may be leased or subleased subject to Condominium Board's right of first refusal and other provisions (By-Laws Article 7 (Selling and Leasing o)

Architectural approval

Yes, for structural alterations, additions, improvements, or changes that affect the structural integrity or safety, or that change the interior dimensions of another Unit, approval of Condominium Board is required (Article 12 of Declaratio (Article 12(a) of Declaration; By-Laws Se)

Maintenance

Unit Owner responsible for interior of unit and limited common elements allocated to the unit; Condominium Board responsible for all Common Elements (Section 5.1 of By-Laws) (By-Laws Section 5.1(A)(i)-(ii) and 5.1(B)

Insurance

Condominium Board shall obtain all-risk extended coverage insurance on the Building including Units, bathroom and kitchen fixtures, and all machinery and equipment; also comprehensive general liability insurance ($500,000 aggregate initiall (By-Laws Section 5.4(A)-(C))

Use restrictions

Yes, each Unit may be used only for residential purposes, not more than one family per Unit; permitted use subject to local law and Certificate of Occupancy (Article 9(a) of Declaration)

Voting & meetings

One vote per unit, each Unit Owner entitled to cast one vote for each unit owned. No vote for Condominium Board or designee on units it owns. Votes withheld for units with perfected liens. (By-Laws Section 4.8(A)-(B))

Amendments

Declaration may be amended by vote of Unit Owners as specified in By-Laws; amendment must be recorded. By-Laws may be amended as per Article 12. (Article 18 of Declaration; By-Laws Article 12) (Article 18 of Declaration; By-Laws Artic)

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