20 North Cole Avenue Condominium

Key facts from 20 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

Legal name

20 North Cole Avenue Condominium

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration, Recital (Pursuant to Articl)

Reserves & fees

Only a twelve-month reserve for contingencies not exceeding 10% of budgeted operating expenses is allowed. (By-Laws Section 2.5(iv): 'establish any )

Leasing & rentals

Yes, but minimum lease term of one year and no transient occupants; whole unit must be leased, not a portion. (By-Laws Section 5.7: 'No Unit may be lea)

Architectural approval

Yes, Board approval required for alterations, additions, improvements, or changes to units; also consent of owners of affected other units. (Declaration Section 10: 'no alteration, )

Maintenance

Unit owners maintain and repair interior of units (walls, floors, fixtures, windows, etc.) and limited common elements; Association maintains common elements. (By-Laws Section 5.1(A): 'Maintenance and)

Insurance

Board determines deductible amounts. (By-Laws Section 5.4: 'Any insurance poli)

Use restrictions

Units to be occupied as private single-family residential dwellings; not more than one family per unit. (Declaration Section 9: 'Each of the Unit)

Voting & meetings

Each Unit Owner casts one vote per percentage of common interest owned; cumulative voting allowed in Board elections. (By-Laws Section 4.8: 'each Unit Owner wi)

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