65 South Madison Condominium

Key facts from 65 South Madison 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

65 South Madison Condominium

Developer / declarant

65 South Madison Condominium

Governing law

Article 9-B of the Real Property Law of the State of New York (Article 1, section 2 (Submission of the )

Special assessments

Charges allocated and assessed by Condominium Board pro-rata in accordance with Common Interests, except as otherwise provided. (By-Laws Section 6.1(C) and Exhibit C def)

Collections & liens

Default in payment of Common Charges may result in lien; Section 6.4 provides for enforcement. (By-Laws Section 6.4)

Reserves & fees

Special Assessments may be levied for creation or replacement of reserve, contingency, or surplus fund; Sponsor consent required during control period. (By-Laws Section 2.5(ii))

Voting & meetings

Each Unit Owner casts one (1) vote per Unit owned. In Board elections, each Unit Owner elects one (1) Board Member. (By-Laws Section 4.9(A))

Amendments

This Declaration may be amended by vote of all Unit Owners, unless material; material amendments require consent of eligible mortgage holders representing at least 51% of votes of Unit estates subject to mortgages. (Declaration Article 19(a) and (c))

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