Eden Court Condominium

Key facts from Eden Court Condominium's documents

Reflects the 1997 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Declaration name)

Developer / declarant

Eden Realty Development Corp., 341 Route 306, Monsey, New York 10952 (Declaration, introductory paragraph)

Governing law

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

Assessments & dues

Board prepares budget and assesses common charges proportionally to common interests (By-Laws Art. V §1)

Special assessments

Additions/alterations to common elements costing over $10,000 require 66⅔% unit owner approval (By-Laws Art. V §13)

Collections & liens

Board has lien on unit; may foreclose; receiver may be appointed; Board may purchase at foreclosure sale (By-Laws Art. V §7)

Reserves & fees

Board may accumulate reserves for capital or replacements (By-Laws Art. II §2(q), Art. V §1)

Leasing & rentals

Renting prohibited? (text says 'No portion of the unit and its Appurtenant Interests be rented'; but Board may lease units acquired) (By-Laws Art. V §12(e); Declaration ¶13)

Architectural approval

Written consent of Board required for: exterior alterations, structural additions, modifications affecting other units, painting exterior, installing awnings/ enclosures/ decorations on balcony (By-Laws Art. V §14; Declaration ¶22(b))

Home business

Professional offices by resident allowed with prior written consent of Board of Managers (Declaration ¶7; By-Laws Art. V §12(a))

Signs & flags

Declarant may erect sales signs; otherwise subject to Board rules (Declaration ¶11(C); By-Laws Art. V §12(a)

Insurance

Fire and extended coverage (or all risk) for building including units but excluding interior decorations/furnishings; minimum 80% replacement value (By-Laws Art. V §2(1))

Use restrictions

Units shall be used as residences only (Declaration ¶7; By-Laws Art. V §12(a))

Voting & meetings

One vote per 0.0001% common interest; proxy allowed (By-Laws Art. III §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.