27 South Cole Condominium

Key facts from 27 South Cole 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 - Declaration of Condominium esta)

Legal name

27 SOUTH COLE CONDOMINIUM

Developer / declarant

WHITE TULIP

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 )

Assessments & dues

Board determines amount and method of payment of Common Charges and Special Assessments. (Section 2.4(A)(v) and (viii) of By-Laws )

Special assessments

Allowed; Board may levy Special Assessments pro-rata per Common Interests. (By-Laws Article 6, Section 6.1(C) and de)

Leasing & rentals

Yes, but subject to Right of First Refusal in By-Laws Article 7. (Article 7 of By-Laws (page 21): 'Right o)

Architectural approval

Yes, for alterations, additions, improvements to Units. (Section 10 of Declaration (page 6) and S)

Maintenance

Unit Owner responsible for interior of Unit; Board responsible for Common Elements. Limited Common Elements (decks) responsibility of Unit Owner. (Section 5.1 of By-Laws (page G-14): 'all)

Insurance

Board may determine deductible amounts. (Section 5.4(C) of By-Laws (page G-17): ')

Use restrictions

Each Unit may be used for residence by not more than one family; also partially as professional office by owner only. (Section 9 of Declaration (page 6): 'Each)

Voting & meetings

Each Unit Owner casts one vote per Unit owned; in Board elections, each Unit Owner elects one Board Member. Sponsor may vote for Unsold Units. (Section 4.9(A) of By-Laws, page G-13: 'E)

Amendments

Declaration may be amended by vote of all Unit Owners; certain amendments require mortgagee consent. By-Laws amendment not explicitly stated but implied by Board or Unit Owners. (Section 19 of Declaration (page 9): 'Thi)

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