16 East Castle Condominium

Key facts from 16 East Castle Condominium's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Page 1: CONDOMINIUM DECLARATION; through)

Legal name

16 EAST CASTLE CONDOMINIUM

Developer / declarant

YD PROPERTIES 16 LLC (Page 1: DECLARANT: YD PROPERTIES 16 LLC;)

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 amount of Common Charges and Special Assessments. (Section 2.4(A)(v): Page G-2)

Special assessments

Board may levy Special Assessments for deficiencies; during Sponsor control, consent of Sponsor required for assessments for reserves (except as required by law). (Section 2.5(ii): Page G-4; Section 5.5(C)

Collections & liens

Condominium Board may enforce terms by legal means, including bringing proceedings on behalf of Unit Owners. (Section 2.4(xviii): Page G-3)

Reserves & fees

Material amendment includes reduction in reserves for maintenance, repair and replacement of Common Elements; Sponsor consent required for Special Assessments for reserves during control period. (Article 19(c)(iii): Page F-7; Section 2.)

Leasing & rentals

Prohibited: 'no transient occupant (other than a guest permitted under this paragraph) may be accommodated.' (Section 5.6(B): Page G-20)

Parking & vehicles

Limited Common Elements: 2 parking spaces per Unit, located adjacent to entrance of each Unit. (Section 8(a)(c): Page F-2; Section 5.8(C)

Architectural approval

Board approval required for alterations, additions, improvements to any part of the Property allocated to a Unit; Board may require insurance and agreement. (Article 9(2): Page F-3; Section 5.2: Pag)

Voting & meetings

Each Unit Owner shall cast one (1) vote per Unit owned; in Board elections each Unit Owner elects one Board Member. (Section 4.8(A) and 4.9: Page G-13)

Amendments

Amendment by vote of all Unit Owners; Sponsor can amend during declarant control to divide Board into separate phases without Unit Owner consent; material amendments require consent of eligible mortgage holders representing at least 51% of (Article 19: Pages F-6 to F-7)

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