10 Rita Avenue Condominium

Key facts from 10 Rita Avenue Condominium's documents

Community type

condominium (Declaration paragraph 1: submits propert)

Legal name

10 Rita Avenue Condominium

Governing law

Article 9-B of the Real Property Law of New York (Declaration paragraph 1)

Assessments & dues

Board determines common expenses each year, prepares budget, assesses each unit its proportionate share based on percentage of common elements (By-Laws Article VI Section 1)

Collections & liens

Non-defaulting unit owner (Board) can file lien and foreclose like a mortgage, including appointment of Receiver (By-Laws Article VI Section 7)

Insurance

Fire insurance at actual full replacement value of all buildings and improvements; liability insurance at least $500,000 including personal injury and bad faith actions; includes carpeting, cabinets, etc. (By-Laws Article VI Section 2)

Use restrictions

Unit No. 3 shall be used for residential purposes (Declaration paragraph 10)

Voting & meetings

Each unit owner entitled to one vote representing its unit (By-Laws Article III Section 7)

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