23 Paiken Drive Condominium

Key facts from 23 Paiken Drive Condominium's documents

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

Community type

Condominium (Article 1: submits property to Article 9)

Legal name

23 PAIKEN DRIVE CONDOMINIUM

Developer / declarant

TOVI GOLDSTEIN, GITEL GOLDSTEIN

Governing law

Article 9-B of the Real Property Law of the State of New York (Article 1: submits property to the provi)

Assessments & dues

Board determines monthly assessments payable in advance; may increase or levy special assessments pro rata according to common interest. (By-laws Article III, Section 5, item 1: )

Special assessments

Allowed, assessed pro rata according to common interest. (By-laws Article VI, Section 2: special a)

Collections & liens

Lien for unpaid common charges; foreclosure after 90 days past due and notice; Board may purchase unit at foreclosure sale. (By-laws Article II, Section 2: The Board)

Reserves & fees

Not explicitly mentioned; budget may include reserves for insurance deductible (Article VII, Section 3). (Article VII, Section 3: deductible shall)

Architectural approval

Consent requested by certified mail; Board has 60 days to answer; failure to answer within 60 days means no objection. (Article 17(b): The Board of Managers sha)

Maintenance

Association (common element). (Article 5: outside walls and roofs of th)

Insurance

Fire insurance covering all Units, initially at least $600,000; public liability insurance initially $1,000,000 single limit. (By-laws Article VII, Section 7: The fire)

Use restrictions

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

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