3423 Guider Ave Condominium Association Inc

Key facts from 3423 Guider Ave Condominium Association Inc's documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article 5: 'Name of the Condominium: The)

Units / lots

11 (Lots 1601-1611) (Article 3: 'Block 8810 formerly known as)

Governing law

Article 9-B of the Real Property Law of the State of New York (Condominium Act) (Article 2: 'to the provisions of Article)

Assessments & dues

Not set; determined by budget (By-Laws Section 2.4(A)(iv): 'to prepare )

Special assessments

Allowed (Special Assessments per By-Laws Section 6.1(C)) (By-Laws Section 6.1(C): 'Special Assessm)

Collections & liens

Condominium Board may enforce liens for unpaid Common Charges (By-Laws Section 6.4: 'Default In Payment)

Reserves & fees

Minimum 10% reserve for capital replacement required in budget (By-Laws Sponsor Veto Control Restriction)

Leasing & rentals

Yes, units may be leased (By-Laws Article 7: 'SELLING AND LEASING )

Parking & vehicles

Parking spaces are separate units (PS1-PS5) located in cellar; each 153 sq ft (Exhibit B: 'PS1 Cellar 153', etc. and co)

Architectural approval

Not explicitly; interior alterations allowed without approval but must not affect others (Article 12: 'Each Unit Owner shall have )

Home business

Not expressly restricted, but must comply with law (Article 9: 'use permitted by local law a)

Maintenance

Common element, therefore Association (Article 7: 'exterior walls, interior wal)

Insurance

Condominium Board shall obtain insurance for the Property including Units (By-Laws Section 5.4) (By-Laws Section 2.4(A)(ix): 'To obtain i)

Use restrictions

Yes, subject to zoning and certificate of occupancy; no more than one family per unit (Article 9: 'each Unit may be used in acc)

Voting & meetings

Based on Common Interests (percentage per unit) (Exhibit B: Common Interest percentages p)

Amendments

66 2/3% vote of Unit Owners; must be recorded; certain amendments regarding Sponsor or mortgages have additional requirements (Article 18: '...amended... by a 66 2/3% )

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