166 Maple Avenue Condominium

Key facts from 166 Maple Avenue Condominium's documents

Reflects the 1996 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 5: 'The Condominium shall be kno)

Legal name

166 Maple Avenue Condominium

Units / lots

3 tax lots (Lots A2D8A, A2D8B & A2D8C) (Exhibit B: 'Now designated as Section 15)

Governing law

Article 9-B of the Real Property Law of the State of New York (Condominium Act) (Preamble: 'Pursuant to Article 9-B of th)

Assessments & dues

Board prepares budget, determines aggregate Common Charges, allocates pro-rata according to Common Interests (equal percentages per unit) (By-Laws Section 6.1(A): 'allocate and as)

Special assessments

Board may levy Special Assessments for unexpected expenses; must give 15 days' notice; allocated pro-rata (By-Laws Section 6.1(C): 'levy Special As)

Collections & liens

Board has a statutory lien for unpaid Common Charges and may foreclose; proceeds applied to debt; surplus to subordinate lienors, deficit remains due (By-Laws Section 6.4: 'The Condominium Bo)

Reserves & fees

Excess of Common Charges over expenses applied to next year's expenses; no separate reserve fund mentioned (By-Laws Section 6.1(D): 'such excess sha)

Leasing & rentals

Yes, but must comply with Article 7 of By-Laws; purported lease in default is voidable (By-Laws Section 7.1: 'no Unit Owner may )

Parking & vehicles

Parking areas allocated to each Unit are Limited Common Elements; specific locations shown on Floor Plans (Section 8(b)(i): 'The Parking Areas allo)

Home business

Professional office use allowed within unit (partial use) (Section 5.7: 'Any Unit may be partially )

Use restrictions

Units to be used only for residential purposes by owner, lessees, and family members; however, partial professional office use permitted (Section 9: 'Each of the Units are to be )

Voting & meetings

Each Unit Owner entitled to one vote per unit owned; owner of multiple units casts votes equal to number of units (By-Laws Section 4.8: 'Each Unit Owner sh)

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