2 Gwen Lane Condominium

Key facts from 2 Gwen Lane Condominium's documents

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

Community type

Condominium (Title: Condominium Declaration)

Legal name

2 Gwen Lane Condominium

Governing law

Article 9-B of the Real Property Law of the State of New York (Preamble)

Special assessments

Board may levy Special Assessments for unanticipated expenses; notice of at least 15 days must be given. (Section 6.1(C): the Condominium Board sh)

Collections & liens

Unpaid Common Charges become a lien on the Unit; Board may foreclose. (Section 6.4: any unpaid common charges s)

Reserves & fees

Common Expenses include contributions to general operating reserve or a reserve fund for working capital, replacement of Common Elements. (Definition (7): 'Common Expenses' includ)

Leasing & rentals

Prohibited (no transient occupants). (Section 5.6(B): no transient occupant (o)

Home business

Units may be partially used as a professional office by the owner only. (Section 5.6(A): any unit may be partiall)

Maintenance

If damage within a Unit is caused by condition in that Unit, Unit Owner bears cost not covered by insurance. (Section 5.1(B): if any work is necessita)

Use restrictions

No nuisances, no use that increases insurance rates or violates law, no waste in Common Elements. (Section 5.6(A): No nuisance shall be com)

Voting & meetings

Each Unit Owner (including Sponsor) has one vote per unit owned. (Section 4.8(A): each Unit Owner shall be)

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