230 Remsen Avenue Condominium

Key facts from 230 Remsen Avenue Condominium's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

230 REMSEN AVENUE CONDOMINIUM

Developer / declarant

230 REMSEN LLC (Declarant: 230 REMSEN LLC)

Governing law

Article 9-B of the Real Property Law of the State of New York (PURSUANT TO ARTICLE 9-B OF THE REAL PROP)

Assessments & dues

The Board of Managers shall, from time to time, but at least annually, fix and determine the budget representing the sum or sums necessary and adequate for the continued operation of the Condominium and shall send a copy of the budget to ev (By-laws Article VI Section 2)

Special assessments

additional assessments, should such be required, shall be levied (By-laws Article VI Section 2)

Collections & liens

All sums assessed as common charges by the Board of Managers but unpaid together with the maximum interest permitted in New York shall constitute a lien on his Unit prior to all other liens except tax or assessment liens and sums unpaid on (Declaration Article 12)

Reserves & fees

if the owner of a Unit does not pay the assessment required within thirty (30) days of its due date, said sum shall bear interest at the maximum legal rate (By-laws Article IX (Default) – same as A)

Leasing & rentals

Impliedly allowed; a Unit Owner may lease his Unit subject to payment of unpaid common charges and Board's right of first refusal for sales (By-laws Article X Section 1: No Unit Own)

Parking & vehicles

Commercial license plate vehicles may not be parked in the Community for a period in excess of 24 hours (By-laws Article VIII Section 8(e))

Use restrictions

All Units shall be used for residential purposes only (By-laws Article VIII Section 2)

Voting & meetings

Each Unit Owner shall have one vote for each percentage of common interest set forth in EXHIBIT 'B' (Declaration Article 8)

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