10 Ralph Blvd Condominium

Key facts from 10 Ralph Blvd Condominium's documents

Reflects the 2011 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Page 1 'CONDOMINIUM DECLARATION' and Art)

Legal name

10 RALPH BLVD CONDOMINIUM

Developer / declarant

Thomas Klein L.P. (Page 1 'DECLARANT: THOMAS KLEIN L.P.')

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 R)

Assessments & dues

Condominium Board determines Common Charges and Special Assessments, allocated pro-rata by Common Interests (Exhibit C definition (6) and (33), By-La)

Special assessments

Yes, Condominium Board may levy Special Assessments for deficiencies or improvements (Exhibit C (33), By-Laws Section 5.5(C) ()

Reserves & fees

Reserves may be established; during Sponsor control, no reserve exceeding 12 months and 5% of budgeted operating expenses (By-Laws Section 2.5(B)(iv) (page 28))

Leasing & rentals

Yes, Units may be leased subject to rules; restrictions on leasing require mortgagee consent (Article 9 (page 5-6), and Article 19 (pa)

Architectural approval

Alterations, additions, improvements to Unit require prior written approval of Board (By-Laws Section 5.2 (page 38))

Maintenance

Unit Owner: interior maintenance (walls, floors, fixtures, windows, doors, plumbing, etc.); Board: Common Elements. Unit Owner also responsible for Limited Common Elements (decks/balconies) maintenance including structural. Exterior glass s (By-Laws Section 5.1 (page 37-38) and Sec)

Insurance

Board may provide for deductible amounts as it shall determine (By-Laws Section 5.4(C) (page 41))

Use restrictions

Units occupied only by Owner or permitted lessee and immediate family members (Article 9, page 5-6: 'Each of the Units )

Voting & meetings

Each Unit Owner casts one vote per percentage of interest owned; cumulative voting allowed in Board elections (By-Laws Section 4.8(A) and 4.9(A) (pages)

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