25 Eisenhower Avenue Condominium

Key facts from 25 Eisenhower Avenue Condominium's documents

Reflects the 2009 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Title: 25 EISENHOWER AVENUE CONDOMINIUM)

Legal name

25 Eisenhower Avenue Condominium

Developer / declarant

Joseph Klein & Adele Klein

Governing law

Article 9-B of the Real Property Law of the State of New York (Declaration, FIRST: 'submits the propert)

Assessments & dues

Board fixes annual budget, assesses each Unit according to its common interest percentage; assessments payable monthly in advance (By-laws Art. VI Sec.2: 'They shall... de)

Special assessments

Board may levy special assessments for additional needs, including litigation costs, improvements >$5,000 with majority Unit Owner approval ( >$2,000 during Sponsor control) (By-laws Art. VI Sec.2; Art. III Sec.5(10)

Collections & liens

Unpaid common charges constitute a lien on the Unit, prior to all liens except tax liens and first mortgages; lien may be foreclosed as a mortgage; Board may purchase Unit at foreclosure sale (Declaration Art. TWELFTH; By-laws Art. V)

Reserves & fees

Board shall maintain other accounts it deems necessary; budget includes reserves (By-laws Art. VI Sec.7: 'The Board shall )

Pets

Pets allowed, subject to rules and regulations, but not to become a nuisance (By-laws Art. VIII Sec.3: 'Owners of Unit)

Leasing & rentals

Unit Owner may sell, mortgage, pledge, hypothecate, sell or lease Unit (By-laws Art. XI Sec.1: 'The Board of Man)

Parking & vehicles

Commercial license plate vehicles may not be kept in Community for more than 24 hours (By-laws Art. VIII Sec.8(e): 'Commercial )

Architectural approval

Board must respond within 60 days of request; failure to respond means no objection (By-laws Art. VIII Sec.7: 'The Board of M)

Use restrictions

Occupancy restricted to Residential Occupancy per applicable zoning regulations (Declaration Art. SEVENTEENTH(i): 'Occupa)

Voting & meetings

Each Unit Owner has one vote per percentage of common interest; each Unit appoints a Manager who votes in person or by proxy (Declaration Art. EIGHTH: 'Each Unit Owne)

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