255 W. 84th St. Owners Corp.

Key facts from 255 W. 84th St. Owners Corp.'s documents

Reflects the 1989 governing documents — figures and rules are as originally recorded and may have changed since.

Units / lots

2 (Residential Unit and Commercial Unit) (Exhibit B (page G-22) and Secretary's ce)

Developer / declarant

255 W. 84th St. Owners Corp. (Original Declaration (page G-3))

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaratory text (page 1 of Second Amend)

Special assessments

Board may levy Special Assessments as per By-Laws Section 6.1(C). (Definition (38) and Section 6.1(C) (page)

Collections & liens

Condominium Board may file a lien on a unit for unpaid common charges and foreclose. (By-Laws Section 6.4 (default provision) )

Reserves & fees

Board may maintain general operating reserve or reserve fund for replacements; Common Expenses include same. (Common Expense definition (9)(ii) (page )

Leasing & rentals

Units may be leased (implied by selling/leasing provisions). By-Laws Article 7 covers selling and leasing of units. No short-term rental restriction found. (By-Laws Article 7 (page G-34).)

Home business

Not specifically addressed; Residential Unit may be used for any lawful purpose, so home business not prohibited unless competitive/improper. (Article 9(a).)

Signs & flags

Commercial Unit Owner has easement to erect, maintain signs on exterior walls for advertising. Sponsor also has right to place 'for sale'/'for rent' signs. (Article 10(b) and (c) (pages G-7 to G-8))

Maintenance

Condominium Board responsible for maintenance, repair, replacement of Common Elements. Unit owners responsible for their own units and systems exclusively serving their unit. (By-Laws Section 5.1 (page G-58) and Arti)

Voting & meetings

Unit owners vote according to their Common Interest (percentage). Two-unit owners: Residential (93.6%) and Commercial (6.4%). (By-Laws Section 4.8 (page G-55) and Comm)

Amendments

Declaration may be amended by either unit owner (Article 17). Required written consent of Mortgage Representatives, if any. Both unit owners must approve amendments to Articles 9,10,11,12,14. Sponsor has unilateral right to amend for certai (Article 17 (pages G-15 to G-18) and By-L)

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