32 Decatur Avenue Condominium

Key facts from 32 Decatur Avenue Condominium's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Declaration title, page 5)

Legal name

32 DECATUR AVENUE CONDOMINIUM

Developer / declarant

DOV GOLDMAN

Governing law

Article 9-B of the Real Property Law of the State of New York (Page 1, Declaration preamble)

Assessments & dues

Board determines Common Charges and Special Assessments; budget adopted annually (By-Laws Section 2.4(iv) and Article 6)

Special assessments

Allowed; defined in Exhibit C as charges allocated pro-rata based on Common Interests (Exhibit C, Section 33; By-Laws Section 6.1(C))

Collections & liens

Board may perfect lien against unit for unpaid common charges; unit owner may not vote if lien is perfected (By-Laws Section 4.8(B), page 36)

Reserves & fees

Reserve for contingencies limited to twelve-month reserve not exceeding 5% of budgeted operating expenses (By-Laws Section 2.5(iv), page 29)

Maintenance

Unit owner responsible for interior of unit including interior walls, ceilings, floors, fixtures, windows, doors (By-Laws Section 5.1(A)(i), page 37-38); Board responsible for Common Elements (Section 5.1(A)(ii))

Insurance

Board determines deductibles (By-Laws Section 5.4(C), page 41)

Use restrictions

Each unit may be used in accordance with zoning and certificate of occupancy; no more than one family may occupy at a time (Declaration Section 9; By-Laws Section 5.7(A))

Voting & meetings

One vote per unit owned (By-Laws Section 4.8(A)); cumulative voting allowed in Board elections (Section 4.8(A)); Sponsor controls as long as owns majority of units (Section 4.9, page 37)

Amendments

Declaration may be amended by vote of at least 66 2/3% in number of all unit owners; certain amendments require mortgagee consent; Sponsor may amend for filing floor plans without unit owner consent (Declaration Section 19(a) and (b), page

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