141 149 Adar Court Condominium

Key facts from 141 149 Adar Court Condominium's documents

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

Community type

Condominium

Legal name

141-149 Adar Court Condominium (Declaration page 1 (Name) and Article 7 )

Developer / declarant

P K AL REALTY (Declaration page 3 (this declaration mad)

Governing law

Article 9-B of the Real Property Law of the State of New York (Article 1, page 3 of Declaration)

Assessments & dues

Board determines total sum required for operation, then prorates among Units according to respective common interest percentages (from EXHIBIT B) (By-laws Article VI, Section 2)

Reserves & fees

Board may charge a month not more than fifteen dollars for delinquency (By-laws Article VI, Section 2 (page 18))

Leasing & rentals

Yes; Board may lease Units acquired through foreclosure, and generally has power to lease Units. No specific restrictions on owner leasing. (By-laws Article III, Section 5 item 11: )

Use restrictions

Yes (By-laws Article VIII, Section 2: 'All Un)

Voting & meetings

Each Unit Owner has one vote for each percentage of common interest set forth in EXHIBIT B (Declaration Article 8, page 5)

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