3 Collins Condominium

Key facts from 3 Collins Condominium's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article 9-B of the New York Real Propert)

Legal name

3 Collins Condominium

Developer / declarant

3 COLLINS LLC (Declarant: 3 COLLINS LLC)

Governing law

Article 9-B of the New York Real Property Law (Heading: PURSUANT TO ARTICLE 9-B OF THE )

Assessments & dues

Common Charges allocated and assessed pro-rata in accordance with Common Interests (Exhibit C (6): Common Charges shall mean)

Special assessments

Common Charges allocated by Board pro-rata for deficits, capital improvements, etc. (Exhibit C (32): Special Assessments defi)

Leasing & rentals

Allowed but may be restricted by future amendment (Section 19(ix): imposition of any restri)

Parking & vehicles

2 parking spaces per unit as Limited Common Elements (Section 8(a): The Limited Common Element)

Architectural approval

Yes, Board approval required for alterations, additions, improvements (Section 9(b) of Declaration: alterations)

Home business

Unit may be partially used as a professional office by owner (Section 5.7(B): a Unit owned by an indiv)

Insurance

Board determines deductible amounts (Section 5.4(C): Any insurance policies m)

Use restrictions

Yes (Section 5.6: The Property shall be used )

Voting & meetings

Each Unit Owner entitled to one vote per Unit. During Sponsor control, Sponsor designates board members. (Section 4.8: each Unit Owner shall be en)

Amendments

Amendment requires vote of all Unit Owners; mortgagee consent required for certain changes (e.g., common interest percentages, assessment increases over 25%, etc.) (Section 19: This Declaration may be amen)

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