5 West Castle Condominium

Key facts from 5 West Castle Condominium's documents

Reflects the 2024 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

5 WEST CASTLE CONDOMINIUM

Developer / declarant

5 WEST CASTLE LLC (Page 4: '5 WEST CASTLE LLC, with an addr)

Governing law

Article 9-B of the Real Property Law of the State of New York (Page 2: 'PURSUANT TO ARTICLE 9-B OF THE )

Special assessments

Board may levy Special Assessments pro-rata per Common Interests. (By-Laws 6.1(C) and Definition 32)

Collections & liens

Board may enforce payment of common charges via lien. Article 8 of By-Laws includes notice to mortgagees of unpaid common charges. Unit can be foreclosed. (By-Laws Article 8, Sections 8.3, 8.4)

Reserves & fees

Not to be created without Sponsor consent during control period. Reserve fund mentioned in context of amendments (material reduction). (By-Laws 2.5(ii) and Declaration 19(b)(ii)

Architectural approval

Yes, for alterations, additions, improvements to Unit; Board approval required. (Declaration Article 9: 'Alterations, add)

Home business

Unit may be partially used as a professional office by owner only. (By-Laws 5.7(B): 'Any Unit may be partial)

Maintenance

Unit Owner responsible for interior painting, decorating, maintenance, repairs; Board responsible for Common Elements. (By-Laws 5.1(i) and (ii))

Insurance

Board determines deductible amounts. (By-Laws 5.4(C): 'Any insurance policies )

Use restrictions

Each Unit may be used in accordance with local law and zoning; no more than one family per Unit. (Declaration Article 9: 'Each Unit may be)

Voting & meetings

Each Unit Owner has one vote per Unit owned. Sponsor has voting rights as long as owns Unsold Units. (By-Laws 4.9(A): 'each owner of a Unit sh)

Amendments

Unanimous vote of all Unit Owners required, unless Sponsor reserved right to amend without vote under Section 19(b); material amendments require consent of eligible mortgagees. (Declaration Article 19)

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