11 North Cole Avenue Condominium

Key facts from 11 North Cole Avenue Condominium's documents

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

Community type

Condominium (NAME: 11 NORTH COLE AVENUE CONDOMINIU)

Legal name

11 NORTH COLE AVENUE CONDOMINIUM

Developer / declarant

11 N COLE LLC

Governing law

Article 9-B of the Real Property Law of the State of New York (Article 1: Submission of Property)

Assessments & dues

Board determines annual budget and assesses common charges pro-rata according to common interest percentages. (By-laws Article VI Section 2)

Special assessments

Board may levy special assessments as needed, payable in same manner as regular assessments. (By-laws Article VI Section 2)

Collections & liens

Unpaid common charges constitute a lien on the Unit, prior except taxes and first mortgage. May be foreclosed like a mortgage. (Declaration Article 12 and By-laws Artic)

Reserves & fees

Board may charge a late fee commensurate with administrative costs and lack of timely payment. (By-laws Article VI Section 2)

Pets

Pets allowed but must not create a nuisance. (By-laws Article VIII Section 3 (pets men)

Leasing & rentals

Yes, but subject to Board's right of first refusal and payment of unpaid common charges. (By-laws Article XI Section 1)

Architectural approval

Board approval required for exterior alterations, any structure on common elements, and interior alterations impairing structural soundness. (Declaration Article 17(b)(c) and By-laws)

Maintenance

Board responsibility as part of exterior maintenance. (By-laws Article III Section 6)

Use restrictions

All Units shall be used for residential purposes only. (By-laws Article VIII Section 2)

Voting & meetings

Each Unit appoints a Manager who votes; one vote per Unit. Mortgagees have certain voting rights on material amendments. (By-laws Article I Sections 5 and 10)

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